secwatch.observer — SEC 8-K summary
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Issuer:     KEY TRONIC CORP (KTCC)
CIK:        0000719733
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0000719733-24-000088
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Key Tronic sets FY2025 ICP targets, LTIP measures, and grants RSUs to executives
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- ICP for FY2025: CEO Larsen potential payout 10%-150% of base; CFO Voorhees and EVP Hochberg 7%-105%.
- Base salary increase for Hochberg from $15,162 to $16,678 bi-weekly, effective Sept 3, 2024.
- LTIP 2025-2027 target awards: Larsen $400k, Voorhees/Hochberg $190k, non-employee directors $35k.
- RSU grants: Larsen 55,431 RSUs (40% time, 60% performance on EBITDA); Voorhees/Hochberg 27,716 each (50/50).
- Non-employee directors receive 8,869 RSUs each, vesting on first anniversary of grant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719733/000071973324000088/0000719733-24-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719733/000071973324000088/ktcc-20240903.htm
  HTML page:      https://secwatch.observer/filing/0000719733-24-000088

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