secwatch.observer — SEC 8-K summary
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Issuer:     NEW YORK TIMES CO (NYT)
CIK:        0000071691
Form:       8-K
Filed at:   2026-01-21T23:59:59+00:00
Accession:  0000071691-26-000003
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYT adopts executive severance plan; amends CEO contract with enhanced change-in-control benefits
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- Executive Severance Plan grants 52 weeks base pay for Exec Committee members; 26-52 weeks for other Section 16 officers.
- CEO Meredith Kopit Levien excluded from plan; receives amendment extending non-solicitation to 18 months and updating non-compete.
- On Change in Control, Exec Committee members get 1.5x cash severance; CEO gets 2x base salary plus 2x target bonus.
- Plan effective Jan 15, 2026; replaces prior severance agreements for participants; includes restrictive covenant requirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/71691/000007169126000003/0000071691-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/71691/000007169126000003/nyt-20260115.htm
  HTML page:      https://secwatch.observer/filing/0000071691-26-000003

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