secwatch.observer — SEC 8-K summary
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Issuer:     Crane NXT, Co. (CXT)
CIK:        0000025445
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0000025445-25-000018
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crane NXT CHRO Jennifer Kartono to depart March 1; separation agreement includes $440K salary payout
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- Kartono ceases as executive officer March 1, 2025; employment ends April 25, 2025.
- Lump-sum payments: $440,000 base salary, $51,000 2025 annual incentive, $59,182.80 COBRA.
- Garden leave from March 1 to April 25 with transitional duties; no new equity grants in 2025.
- Company waives noncompete covenant; Kartono reaffirms confidentiality and non-solicit obligations.
- Outstanding equity awards scheduled to vest on or before termination date will vest if employee remains in good standing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25445/000002544525000018/0000025445-25-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25445/000002544525000018/cxt-20250211.htm
  HTML page:      https://secwatch.observer/filing/0000025445-25-000018

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