---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-006934"
form_type: "8-K"
ticker: "CECO"
cik: "0000003197"
company_name: "CECO ENVIRONMENTAL CORP"
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T07:51:11.850294+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# CECO boosts severance to 1-year salary plus bonus; amends bylaws for universal proxy

## Summary
- Severance for qualifying non-change-of-control terminations increased from 26 weeks to one year base salary plus annual bonus.
- Plan adds 'Good Reason' (e.g., material duty/pay reduction, relocation) as a qualifying event for named executives.
- Outplacement services replaced with $20,000 cash payment for change-of-control terminations.
- Bylaws amended to adopt universal proxy rules (Rule 14a-19), update director nomination procedures, and allow remote meetings.

## SEC filing metadata
- accession: 0000950170-23-006934
- form_type: 8-K
- ticker: CECO
- cik: 0000003197
- company_name: CECO ENVIRONMENTAL CORP
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3197/000095017023006934/0000950170-23-006934-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3197/000095017023006934/ceco-20230303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-006934
- JSON: https://secwatch.observer/filing/0000950170-23-006934.json
- Plain text: https://secwatch.observer/filing/0000950170-23-006934.txt

## Key facts
- Governance Changes
  CECO ENVIRONMENTAL CORP: Amended and restated bylaws to align with universal proxy rules, update director nomination procedures, allow remote stockholder meetings, and eliminate stockholder list examination requirement (effective 2023-03-03).
  - Change: bylaw amendment
  - Effective: 2023-03-03
  source text: On March 3, 2023, the Company’s Board of Directors approved an amendment and restatement of the Company’s Amended and Restated By-laws (as amended and restated, the “By-laws”) to (i) align the By-laws with the Securities and Exchange Commission’s new requirements regarding universal proxies pursuant to Rule 14a-19 promulgated under the Securities Exchange Act of 1934, as amended (Article II, Sections 16 and 17); (ii) update the information requirements, processes and procedures regarding the nomination of directors and the proposal of other business for consideration at meetings of the Company’s stockholders (Article II, Sections 16 and 17); (iii) provide for meetings of the Company’s stockholders by means of remote communication (Article II, Sections 3 and 5, and Article III, Sections 3 and 4); (iv) eliminate the requirement that the list of stockholders be open to examination at meetings of the Company’s stockholders, consistent with a recent amendment to the Delaware General Corpora
  evidence_url: https://www.sec.gov/Archives/edgar/data/3197/000095017023006934/0000950170-23-006934-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.