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Paul S. Walker

President and CEO at FRANKLIN COVEY
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

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.