secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN WOODMARK CORP (AMWD)
CIK:        0000794619
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0000794619-23-000062
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Woodmark grants performance-based options/RSUs to CEO, CFO, SVP tied to 3-year EBITDA target
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- CEO Culbreth receives 20,520 performance-based options and 6,840 RSUs; CFO Joachimczyk and SVP Adams each get 10,260 options and 3,420 RSUs.
- Awards vest Sept 5, 2026 subject to achieving a three-year cumulative Adjusted EBITDA target and continued employment through that date.
- Options have exercise price equal to closing stock price on Sept 5, 2023 grant date and expire 10 years from grant.
- If the Adjusted EBITDA target is not met, all awards are forfeited; no partial vesting.
- Granted under American Woodmark 2023 Stock Incentive Plan as supplemental long-term incentive.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794619/000079461923000062/0000794619-23-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794619/000079461923000062/amwd-20230905.htm
  HTML page:      https://secwatch.observer/filing/0000794619-23-000062

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