secwatch.observer — SEC 8-K summary
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Issuer:     DELUXE CORP (DLX)
CIK:        0000027996
Form:       8-K
Filed at:   2023-01-06T23:59:59+00:00
Accession:  0000027996-23-000005
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Deluxe Corp SVP & CRO Thomas transitions to Special Advisor, to depart on April 28, 2023
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- Christopher L. Thomas steps down as CRO, becomes Special Advisor to CEO effective Jan 6, 2023; separation from company on April 28, 2023.
- During transition, compensation and benefits continue as in effect on Dec 1, 2022.
- Severance includes 12 months base salary, one-third of target bonus for FY2023, and one-time $45,000 payment.
- Must comply with existing confidentiality and non-competition agreements.
- FY2022 cash bonus and retention payment to be paid in spring 2023 before separation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27996/000002799623000005/0000027996-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27996/000002799623000005/dlx-20230102.htm
  HTML page:      https://secwatch.observer/filing/0000027996-23-000005

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