secwatch.observer — SEC 8-K summary
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Issuer:     CLEAN HARBORS INC (CLH)
CIK:        0000822818
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000822818-22-000045
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 9.01, 6.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Harbors names CFO Battles and COO Gerstenberg as Co-CEOs; founder McKim becomes Executive Chairman
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- Founder Alan McKim steps down as CEO after 42 years; becomes Executive Chairman & CTO effective March 31, 2023.
- CFO Michael Battles and COO Eric Gerstenberg promoted to Co-CEOs effective March 31, 2023.
- Battles' base salary increases from $540K to $900K; Gerstenberg from $625K to $900K; McKim's reduced to $900K.
- Each Co-CEO gets 2023 performance shares at 85% of base salary and time-vesting shares at 285% of base salary.
- Battles' severance expands from 12 to 24 months; Gerstenberg remains at 24 months; McKim gets no severance agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822818/000082281822000045/0000822818-22-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822818/000082281822000045/clh-20221101.htm
  HTML page:      https://secwatch.observer/filing/0000822818-22-000045

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