secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK:        0000109563
Form:       8-K
Filed at:   2023-01-30T23:59:59+00:00
Accession:  0000109563-23-000025
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Applied Industrial's GC & Secretary Fred Bauer to retire Jan 31; consulting agreement through March 2023
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- Fred D. Bauer, VP – General Counsel & Secretary, to retire Jan 31, 2023 after over 30 years of service.
- Bauer will continue as Secretary during search for new General Counsel; consulting agreement from Feb 1 to Mar 31.
- Consulting fee of $44,131 per month plus expense reimbursement; SARs vest at retirement with extended exercise period.
- Committee authorized consulting agreement to ensure smooth transition; Bauer to provide legal consulting services.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109563/000010956323000025/0000109563-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109563/000010956323000025/ait-20230130.htm
  HTML page:      https://secwatch.observer/filing/0000109563-23-000025

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