secwatch.observer — SEC 8-K summary
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Issuer:     DELUXE CORP (DLX)
CIK:        0000027996
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0000027996-24-000009
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Deluxe B2B President Michael Reed to depart; Special Advisor until March 29, 2024
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- Reed (SVP, President B2B) transitions to Special Advisor to CEO effective Jan 10, 2024; separation March 29.
- Separation agreement includes 12-month base salary severance, up to $25k outplacement, plus $20k one-time payment.
- Reed will receive FY2023 cash bonus per Annual Incentive Plan; equity awards determined per plan terms.
- Reed must comply with existing confidentiality and non-competition agreements after separation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27996/000002799624000009/0000027996-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27996/000002799624000009/dlx-20240110.htm
  HTML page:      https://secwatch.observer/filing/0000027996-24-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer