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    Thomas W. Warsop III

    President, Chief Executive Officer, and Director at ACI Worldwide Inc
    Board
    Since June 1, 2023
    Age
    58 years
    Education
    Holds a bachelor’s degree in finance from Southern Methodist University.
    Tenure
    Joined ACI Worldwide as a Board member in June 2015, served as non-executive chairman in June 2022, and assumed the role of President, CEO, and Director on June 1, 2023.

    Also at ACI Worldwide Inc

    AK
    Abe Kuruvilla
    Chief Technology and Operations Officer
    AS
    Alessandro Silva
    Chief Revenue Officer
    DPB
    Dennis P. Byrnes
    Executive Vice President and General Counsel

    About

    Thomas W. Warsop III is a seasoned executive known for his strategic leadership in the financial services and technology sectors. He began his tenure at ACI Worldwide by joining the Board of Directors in June 2015 and further advanced his role by serving as non-executive chairman in June 2022 before transitioning to his current position as President, CEO, and Director on June 1, 2023.

    Prior to his leadership role at ACI Worldwide, he held several high-profile positions, including CEO and Executive Chairman at One Call Care Management, CEO at Hananui, LLC, and leadership roles at York Risk Services Group, The Warranty Group, Inc., Fiserv, Inc., and Electronic Data Systems. His wide-ranging experience underscores a deep commitment to innovation, operational excellence, and international business insights.

    Academically, Thomas has built a solid foundation by earning a bachelor’s degree in finance from Southern Methodist University, which has supported his extensive career in financial management and executive leadership. Notably, he is also recognized for his effective strategic contributions and his role on the board of Altus Group, further emphasizing his influence in the industry.

    $ACIW Performance Under Thomas W. Warsop III

    Past Roles

    Organization / Role / Date Range / Details /
    ACI Worldwide Non-Executive Chairman June 2022 – June 2023 Served as Non-Executive Chairman prior to assuming current executive role
    ACI Worldwide Board Member June 2015 – June 2023 Joined the Board before becoming President, CEO, and Director
    One Call Care Management Chief Executive Officer February 2020 – May 2022 Led as CEO for a provider of ancillary services and cost containment solutions
    One Call Care Management Executive Chairman May 2022 – December 2022 Served as Executive Chairman during transition
    Hananui, LLC Chief Executive Officer Since January 2017 Provided strategic consulting services; role held before joining ACI Worldwide
    York Risk Services Group Executive Chairman June 2017 – January 2020 Led a provider of integrated insurance and managed care solutions
    The Warranty Group, Inc. President and Chief Executive Officer 2012 – 2017 Managed operations for an insurance services provider
    Fiserv, Inc. Group President and various management positions 2007 – 2012 Oversaw technology solutions for the financial industry
    Electronic Data Systems (EDS) Various capacities (e.g., President of Business Process Outsourcing unit in Asia Pacific, Vice President in the United Kingdom, Vice President of Global Financial Services) 17 years (dates not specified) Held multiple leadership roles at a global technology services company

    External Roles

    Organization Role Date Range Details
    Altus Group Director Current Leading provider of asset and fund intelligence for commercial real estate

    Fixed Compensation

    Data from  FY 2023
    Component NameAmount ($)Payment ScheduleAdditional Details
    Interim CEO Salary1,625,000$325,000/month for 5 months (Jan 1 – May 31)Total for Interim service
    Full-Time CEO Salary437,500Pro-rated for 7 months (Jun 1 – Dec 31)Based on $750,000 annual base rate
    401(k) Contribution5,000Lump sumEmployer contribution
    Long-Term Disability Insurance Premiums864Lump sumInsurance premiums paid by the company
    Other Compensation224Lump sumIncludes a small non-cash gift

    Performance Compensation

    Data from  FY 2023

    Short-Term Incentive Plan (STIP)

    MetricThresholdTargetMaximumWeight
    Adjusted EBITDA<92.1% attainment, $359.0M, 0% funding100% attainment, $390.0M, 100% funding105.1% attainment, $410.0M, 200% funding40%
    Revenue Net of Interchange Growth<94.5% attainment, $978.0M, 0% funding100% attainment, $1,035.0M, 100% funding103.1% attainment, $1,067.0M, 200% funding60%
    • Additional Modifiers: Critical incidents multiplier (up to +10% or -20%) and a possible 10% adjustment based on the CEO’s subjective performance evaluation.
    • Payout Details: Overall payout percentage reached 109.5% of target, with total bonus payout of 120.5% including multipliers; the award target was $439,726 and the actual payout was $529,870.
    • Note: The payout was pro-rated based on the transition to full-time CEO effective June 1, 2023.

    Performance Share Units (PSUs)

    DetailValue
    Grant DateJune 1, 2023
    Performance MetricsRevenue Net of Interchange Growth and Net Adjusted EBITDA Margin, with an rTSR multiplier over 3 years
    Threshold Shares19,056
    Target Shares38,112
    Maximum Shares76,224
    Grant Date Fair Value$908,209
    Vesting ScheduleVesting at end of a 3-year performance period

    Long-Term Incentive (LTI) Target

    DetailValue
    Total LTI Target$4,000,000
    Composition65% PSUs ($2,600,000) and 35% RSUs ($1,400,000)
    RSUs Vesting ScheduleVest in 3 equal annual installments

    Bonus for Interim CEO Service

    • Bonus Amount: $325,000
    • Basis: Discretionary cash bonus based on the Board’s evaluation of performance during interim service.
    • Vesting: Not subject to vesting as it is a one-time payment.
    • Note: No additional performance metrics or conditions provided.