secwatch.observer — SEC 8-K summary
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Issuer:     Spectrum Brands Holdings, Inc. (SPB)
CIK:        0000109177
Form:       8-K
Filed at:   2022-08-30T23:59:59+00:00
Accession:  0000950142-22-002607
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Spectrum Brands EVP/COO and SVP/CHRO to depart as part of pure-play strategy
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- Randal Lewis (EVP/COO) and Rebeckah Long (SVP/CHRO) leaving; both remain employees until Dec 31, 2022.
- Lewis may serve part-time up to 9 months after Dec 31 at $50,000/month; Long's full-time ends Dec 31.
- Separations support creating a pure-play Global Pet Care and Home and Garden company and reducing short-term spending.
- Both receive base salary continuation, health benefits, and vesting of certain equity awards per existing agreements.
- Lewis gets 18 months' base salary plus target bonus; Long gets 12 months' base salary continuation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109177/000095014222002607/0000950142-22-002607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109177/000095014222002607/eh220282458_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-22-002607

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