secwatch.observer — SEC 8-K summary
======================================

Issuer:     ENVIRI Corp (NVRI)
CIK:        0000045876
Form:       8-K
Filed at:   2023-09-19T23:59:59+00:00
Accession:  0000045876-23-000055
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enviri appoints Tom Vadaketh as CFO effective Oct 16, 2023, succeeding retiring Pete Minan
--------------------------------------------------------------------------------

- Vadaketh most recently CFO of Bausch Health ($4.5B pharma/medical aesthetics) with 30+ years experience.
- Annual base salary of $625,000; target annual incentive 80% of base; LTIP target 250% of base.
- Sign-on cash bonus of $720,000 ($500k within 30 days, $220k after 6 months) with two-year clawback.
- Sign-on RSU grant of $1.5M, vesting one-third annually over three years starting 2024.
- Vadaketh will enter standard confidentiality/non-compete agreements and change-of-control severance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/45876/000004587623000055/0000045876-23-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/45876/000004587623000055/hsc-20230918.htm
  HTML page:      https://secwatch.observer/filing/0000045876-23-000055

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