secwatch.observer — SEC 8-K summary
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Issuer:     KENNAMETAL INC (KMT)
CIK:        0000055242
Form:       8-K
Filed at:   2025-02-14T23:59:59+00:00
Accession:  0000055242-25-000028
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kennametal finalizes separation agreement with Franklin Cardenas; $458,889 severance, vesting through Aug 15
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- Cardenas's employment terminates without cause on April 1, 2025; garden leave from Jan 20 to April 1 as VP Special Projects.
- Separation pay of $458,889 (1.0x base salary) lump sum paid after 7 months; 12 months health insurance subsidy.
- Outstanding RSUs and PSUs continue vesting through August 15, 2025; forfeited thereafter.
- Non-compete and non-solicitation covenants run for one year from Termination Date; release of claims included.
- Cardenas remains eligible for FY2025 Annual Incentive Plan payment at actual company performance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55242/000005524225000028/0000055242-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55242/000005524225000028/kmt-20250212.htm
  HTML page:      https://secwatch.observer/filing/0000055242-25-000028

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