secwatch.observer — SEC 8-K summary
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Issuer:     KADANT INC (KAI)
CIK:        0000886346
Form:       8-K
Filed at:   2021-10-29T23:59:59+00:00
Accession:  0000886346-21-000147
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kadant COO Eric Langevin to retire March 31, 2022; two VPs to assume responsibilities
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- Eric T. Langevin, EVP and COO, will retire effective March 31, 2022; no successor COO appointed.
- Fredrik Han Westerhout and Thomas Andrew Blanchard to become executive officers, each overseeing parts of COO's responsibilities.
- Langevin will receive $39,850/month for 3 months post-retirement, 50% of 2022 bonus, and COBRA through Dec 2022.
- Unvested RSUs from 2019/2020 and one-third of 2021 grants to vest on separation; confidentiality and non-compete apply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886346/000088634621000147/0000886346-21-000147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886346/000088634621000147/kai-20211027.htm
  HTML page:      https://secwatch.observer/filing/0000886346-21-000147

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