secwatch.observer — SEC 8-K summary
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Issuer:     WOLVERINE WORLD WIDE INC /DE/ (WWW)
CIK:        0000110471
Form:       8-K
Filed at:   2023-09-13T23:59:59+00:00
Accession:  0000110471-23-000124
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolverine World Wide finalizes CEO Christopher Hufnagel employment terms; base salary $1M, target bonus 120%
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- Base salary $1M/year; target bonus 120% of base ($1.2M) under Executive STIP, max 200% of target ($2.4M).
- Promotion equity award of $500K in time-based RSUs vesting in three equal annual installments.
- Severance: if terminated without cause or for good reason, 24 months base salary, COBRA up to 24 months, pro rata bonus, partial equity vesting.
- Agreement effective August 6, 2023, auto-renews annually unless 60-day non-renewal notice given.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/110471/000011047123000124/0000110471-23-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/110471/000011047123000124/www-20230907.htm
  HTML page:      https://secwatch.observer/filing/0000110471-23-000124

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