UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 24, 2020, Icahn Enterprises L.P. and Icahn Enterprises Holdings L.P. (together, the “Company”) determined the bonus awards for the year ended December 31, 2019 for the Company's Chief Financial Officer, SungHwan Cho, and Chief Accounting Officer, Peter Reck, as identified in the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 28, 2020 (the "Annual Report"). As of the filing of the Annual Report, the amounts of the bonus awards for the year ended December 31, 2019 for Messrs. Cho and Reck had not been determined and were not calculable. As indicated in the applicable footnotes to the summary compensation table included in Item 11 of the Annual Report, and elsewhere, the actual bonus amounts to be paid would first become calculable, and be paid, in March 2020. The Company’s Annual Report tentatively disclosed that the bonuses for Messrs. Cho and Reck were expected to be no less than the respective bonus payments for the year ended December 31, 2018 (i.e. $1,700,000 and $225,000, respectively).
The amounts of the bonus awards for the year ended December 31, 2019 for Messrs. Cho and Reck have been determined and have not changed from these tentative amounts disclosed in the Annual Report. As such, the amounts of the bonus awards and the total compensation for the year ended December 31, 2019 for Messrs. Cho and Reck are as follows:
| Summary Compensation Table | |||||||||||
Name and Principal Position |
Year | Bonus ($) | Total ($) | ||||||||
| SungHwan Cho, Chief Financial Officer | 2019 | 1,700,000 | 2,590,138 | ||||||||
| Peter Reck, Chief Accounting Officer | 2019 | 225,000 | 567,295 | ||||||||
All other compensation for the Company's named executive officers for the year ended December 31, 2019 was previously reported by the Company in the summary compensation table included in the Annual Report.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ICAHN ENTERPRISES L.P. | |||
| (Registrant) | |||
| By: |
Icahn Enterprises G.P. Inc., its general partner
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| By: | /s/ Peter Reck | ||
| Peter Reck | |||
| Chief Accounting Officer | |||
Date: March 30, 2020
| ICAHN ENTERPRISES HOLDINGS L.P. | |||
| (Registrant) | |||
| By: |
Icahn Enterprises G.P. Inc., its general partner
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| By: | /s/ Peter Reck | ||
| Peter Reck | |||
| Chief Accounting Officer | |||
Date: March 30, 2020
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