secwatch.observer — SEC 8-K summary
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Issuer:     WEIS MARKETS INC (WMK)
CIK:        0000105418
Form:       8-K
Filed at:   2026-02-10T23:59:59+00:00
Accession:  0000105418-26-000003
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weis Markets enters new CEO employment agreement; base salary $1.45M through 2028
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- Jonathan H. Weis continues as Chairman, President & CEO under agreement effective Jan 1, 2026 to Dec 31, 2028.
- Annual base salary of $1,447,819, with eligibility for annual/long-term bonuses, equity grants, and a $4M life insurance policy.
- New CEO Incentive Award Plan: retention award = 2x base salary; performance award tied to net sales and MROIC targets.
- Plan awards generally deferred until after Dec 31, 2028; early payment only on termination without cause or death.
- Without-cause termination severance: 4x to 5.5x base salary depending on year; death benefit of $3.5M to spouse.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105418/000010541826000003/0000105418-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105418/000010541826000003/wmk-20260210x8k.htm
  HTML page:      https://secwatch.observer/filing/0000105418-26-000003

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