secwatch.observer — SEC 8-K summary
======================================

Issuer:     KIRBY CORP (KEX)
CIK:        0000056047
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0000950170-23-001792
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kirby appoints Rocky B. Dewbre to Board, enters cooperation agreement with JCP Investment Management
--------------------------------------------------------------------------------

- Dewbre appointed as independent Class II director, board expands to 11 members, 9 independent.
- Cooperation agreement with JCP includes standstill, voting commitments, and mutual non-disparagement.
- JCP must vote with board on director elections, auditor ratification, and say-on-pay unless ISS recommends otherwise on non-director items.
- Dewbre to receive ~$41,875 in restricted shares (vest 6 months) and prorated annual cash fee of $18,750.
- Standstill period runs until 30 days before 2024 annual meeting nomination deadline or 120 days before 2023 annual meeting anniversary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56047/000095017023001792/0000950170-23-001792-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56047/000095017023001792/kex-20230203.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001792

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