secwatch.observer — SEC 8-K summary
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Issuer:     ENVIRI Corp (NVRI)
CIK:        0000045876
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0000045876-24-000077
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enviri amends change-in-control severance agreements; CEO gets 3x multiple
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- CEO Grasberger receives 3x base salary + target incentive upon qualifying termination after change in control; three other executives receive 2x.
- New provision accelerates vesting of unvested equity awards if termination follows a 'Material Divestment' (sale causing ≥33% EBITDA drop).
- Agreements cover four named executives: Grasberger, Vadaketh (CFO), Kozak (CHRO), Hochman (GC).
- Automatic three-year term with annual renewal; protection period extends two years after change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/45876/000004587624000077/0000045876-24-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/45876/000004587624000077/hsc-20241220.htm
  HTML page:      https://secwatch.observer/filing/0000045876-24-000077

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