secwatch.observer — SEC 8-K summary
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Issuer:     KIRBY CORP (KEX)
CIK:        0000056047
Form:       8-K
Filed at:   2023-03-24T23:59:59+00:00
Accession:  0000950170-23-009778
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kirby amends 2023 AIP to add ROTC metric for Corporate Division
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- Compensation Committee approved amended 2023 AIP Guidelines on March 24, 2023.
- New performance measure: return on total capital (ROTC) weighted 10% for Corporate Division.
- Prior weights: 40% EBITDA, 40% EPS, 20% OP/ESG; new: 40% EBITDA, 30% EPS, 20% OP/ESG, 10% ROTC.
- Change intended to incentivize capital utilization to generate earnings.
- Amended guidelines filed as Exhibit 10.1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56047/000095017023009778/0000950170-23-009778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56047/000095017023009778/kex-20230324.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-009778

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