secwatch.observer — SEC 8-K summary
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Issuer:     DLH Holdings Corp. (DLHC)
CIK:        0000785557
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000785557-23-000021
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

DLH Holdings modifies executive incentive compensation, grants performance and time-based RSUs
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- CEO Zachary Parker granted 55,283 performance RSUs and 55,282 time-based RSUs; other executives receive only performance RSUs.
- Performance targets weighted equally: 30% revenue growth over FY2022 (ex-acquisitions) and stock price target of $33.21 (225% increase).
- RSUs vest over three-year period ending Sept 30, 2025; threshold, target, and maximum payouts at 80%, 100%, and 125%.
- CEO target at 200% of base salary; other executives at 75% of base salary.
- Time-based RSUs for CEO designed for long-term retention; all subject to recoupment and accelerated vesting conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/785557/000078555723000021/0000785557-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/785557/000078555723000021/dlhc-20230127.htm
  HTML page:      https://secwatch.observer/filing/0000785557-23-000021

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