secwatch.observer — SEC 8-K summary
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Issuer:     GSE SYSTEMS INC (—)
CIK:        0000944480
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000944480-24-000037
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GSE Systems names Ravi Khanna CEO, succeeding Kyle Loudermilk effective immediately
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- Ravi Khanna appointed President and CEO effective April 30, 2024; also named Class II Director.
- Khanna previously SVP of Professional Services; base salary increased to $350,000.
- Kyle Loudermilk resigned as CEO and director; will remain until May 31, 2024 for transition.
- Loudermilk's departure not due to disagreement; entered Separation Agreement with COBRA through Dec 31, 2024.
- Board identified Khanna as potential successor several years ago; review reaffirmed him as ideal candidate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944480/000094448024000037/0000944480-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944480/000094448024000037/form8-k_24apr2024.htm
  HTML page:      https://secwatch.observer/filing/0000944480-24-000037

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