secwatch.observer — SEC 8-K summary
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Issuer:     Party City Holdco Inc. (—)
CIK:        0001592058
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0000950142-23-002148
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Party City CFO Todd Vogensen resigns; Jeremy Aguilar named interim CFO
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- Todd Vogensen to resign as EVP & CFO effective Aug 20, 2023; enters separation/consulting agreement subject to bankruptcy court approval.
- Jeremy Aguilar appointed Interim CFO effective Aug 21, 2023, subject to bankruptcy court approval; base salary $600K, bonus target 80%.
- Vogensen to receive $55K/month for consulting services through Aug 2024; agreement includes non-solicitation and non-disparagement covenants.
- Aguilar entitled to one-time cash payment of six-months base salary if not promoted to CFO within six months of start date.
- Offer letter and separation agreement both require bankruptcy court approval given Party City's Chapter 11 case.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1592058/000095014223002148/0000950142-23-002148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1592058/000095014223002148/eh230388341_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-23-002148

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