secwatch.observer — SEC 8-K summary
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Issuer:     ASCENT INDUSTRIES CO. (ACNT)
CIK:        0000095953
Form:       8-K
Filed at:   2021-08-30T23:59:59+00:00
Accession:  0000095953-21-000083
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synalloy appoints Aaron Tam as CFO, replacing Sally Cunningham
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- Aaron Tam becomes CFO effective August 30, 2021; succeeds Sally Cunningham who was separated on August 27, 2021.
- Tam will receive $300,000 base salary, cash bonus up to $150,000, and stock awards up to $150,000 for 2021.
- Inducement grant of 18,340 shares with half vesting at 3 years and half when 30-day VWAP reaches $17.00.
- Severance of 6 months' base salary if board members Hutter or Rosenzweig leave and Tam is terminated within one year.
- Tam previously served as CFO of Northstar Aerospace since 2013; holds Ph.D. in finance from Northwestern.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95953/000009595321000083/0000095953-21-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95953/000009595321000083/synl-20210824.htm
  HTML page:      https://secwatch.observer/filing/0000095953-21-000083

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