secwatch.observer — SEC 8-K summary
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Issuer:     KENNAMETAL INC (KMT)
CIK:        0000055242
Form:       8-K/A
Filed at:   2024-08-26T23:59:59+00:00
Accession:  0000055242-24-000058
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kennametal appoints C. David Bersaglini as VP and President, Metal Cutting Segment, effective Aug 26, 2024
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- Base salary $520K; sign-on cash bonus $125K (repayable if voluntary termination within 1 year).
- Special LTI grant of $300K in RSUs (cliff vest on 2nd anniversary); regular LTI grant of $650K (40% RSUs, 60% PSUs, 3-year vest).
- Target annual incentive of 75% of base salary for FY2025 (max 200% of target).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55242/000005524224000058/0000055242-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55242/000005524224000058/kmt-20240730.htm
  HTML page:      https://secwatch.observer/filing/0000055242-24-000058

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