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    Paul S. Walker

    President and CEO at Franklin Covey Co
    Board
    Since September 1, 2021
    Age
    49 years
    Education
    Graduated from Brigham Young University with a Bachelor of Arts in Communications.
    Tenure
    Joined FC in 2000 as a business developer and advanced through roles including Client Partner, Area Director, General Manager of the North America Central Region (2007), responsibility for United Kingdom operations (2014), Executive Vice-President of Global Sales and Delivery and President of the Enterprise Division (2016), President and Chief Operating Officer (November 2019), and finally President and Chief Executive Officer on September 1, 2021, with Board membership effective July 1, 2023.

    Also at Franklin Covey Co

    SDY
    Stephen D. Young
    Chief Financial Officer

    About

    Paul S. Walker has built a strong foundation in both his educational and personal background. He graduated from Brigham Young University with a Bachelor of Arts in Communications, which laid the groundwork for his professional journey.

    Beginning his career in 2000 as a business developer at FC, his dedication propelled him through several key roles. His career trajectory includes serving as a Client Partner and Area Director, advancing to become the General Manager of the North America Central Region in 2007, and later assuming additional responsibilities for the United Kingdom operations in 2014.

    Walker continued to take on higher levels of leadership, relocating in 2016 to FC's headquarters in Salt Lake City, Utah, where he held the roles of Executive Vice-President of Global Sales and Delivery and President of the Enterprise Division. His leadership was further recognized with his appointment as President and Chief Operating Officer in November 2019, and ultimately as President and Chief Executive Officer on September 1, 2021, cementing his influence on the company's strategic direction.

    $FC Performance Under Paul S. Walker

    Past Roles

    OrganizationRoleDate RangeDetails
    Franklin CoveyPresident and COONovember 2019Held until promotion to President and CEO
    Franklin CoveyPresident of the Enterprise DivisionUntil November 2019Served in this role until November 2019
    Franklin CoveyExecutive Vice President of Global Sales and Delivery2016Relocated to Salt Lake City headquarters and assumed this role in 2016
    Franklin CoveyGeneral Manager of the United Kingdom Operations2014Assumed responsibility for UK operations in addition to the Central Region role
    Franklin CoveyGeneral Manager of the North America Central Region2007Promoted to this role in 2007
    Franklin CoveyArea DirectorN/AHeld the position following his early roles; exact dates not provided
    Franklin CoveyClient PartnerN/ATransitioned into this role shortly after beginning his career; exact dates not provided
    Franklin CoveyBusiness Developer2000Began his career at Franklin Covey in 2000

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary $632,692 Fiscal Year 2024Compensation for the President and CEO role
    Company Contributions to 401(k) Plan $10,000 Fiscal Year 2024Employer 401(k) contribution
    Other Compensation $9,635 Fiscal Year 2024Costs for attendance at Franklin Covey’s Chairman’s Club Trip

    Performance Compensation

    Data from  FY 2024

    Performance-Based Stock Awards (LTIP)

    MetricValueDetails
    Grant Date October 6, 2023 All performance awards granted on this date
    Performance Metric Highest rolling four-quarter Qualified Adjusted EBITDAMeasurement period ends August 31, 2026
    Shares Awarded – Target 29,683 shares Awarded if target performance is achieved
    Shares Awarded – Maximum 59,365 shares Awarded if performance reaches maximum level
    Shares Awarded – Threshold N/ANot explicitly stated for 2024
    Grant Date Fair Value $1,218,784 Valuation at time of grant
    Grant Date Stock PriceN/ANot provided

    Service-Based Stock Awards (LTIP)

    MetricValueDetails
    Grant Date October 6, 2023 Award granted on this date
    Vesting Schedule August 31, 2026 Time-based vesting on continued service
    Awarded Shares 9,895 shares Fixed number of shares for service-based awards
    Grant Date Fair Value $406,289 Valuation at time of grant
    Grant Date Stock PriceN/ANot provided

    Non-Equity Incentive Plan Compensation (STIP)

    MetricValueDetails
    Grant Date October 6, 2023 Award granted on this date
    Component WeightsFinancial Performance: 70%; Executive Team Objectives: 30%Weighting of payout components
    Performance Metric – Financial Component Qualified Adjusted EBITDAThreshold: $48.0 million; Target: $53.3 million; Maximum: $57.0 million
    Actual Achievement $56.0 millionResulted in 71% payout of the maximum financial performance component
    Performance Metric – Executive Team Objectives Achievement of 36% of the performance objective componentContributed to overall payout
    Total Payout131% of STIP targetCombined performance resulted in target overachievement
    Target Payout Opportunity $585,000Base target payout
    Maximum Payout Opportunity $1,170,000200% of target payout
    Grant Date Fair Value & Stock PriceN/ACash-based incentive; no fair value or stock price applicable

    All figures and citations are based on the 2024 data provided in the documents.