secwatch.observer — SEC 8-K summary
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Issuer:     PYXUS INTERNATIONAL, INC. (PYYX)
CIK:        0000939930
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0000939930-24-000086
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pyxus adopts Executive Severance Plan for CEO and officers with 2x/1.5x multiples
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- CEO Severance Multiplier 2x; other executives 1.5x base salary plus target bonus.
- Triggered by termination without Cause or for Good Reason; requires signed release and non-solicitation.
- Within 12 months post-Change in Control, CEO gets 2x target bonus, others 1.5x.
- Plan benefits reduce by any other severance amounts from agreements or statute.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/939930/000093993024000086/0000939930-24-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/939930/000093993024000086/pyx-20240612.htm
  HTML page:      https://secwatch.observer/filing/0000939930-24-000086

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