secwatch.observer — SEC 8-K summary
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Issuer:     E2open Parent Holdings, Inc. (—)
CIK:        0001800347
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0000950170-24-014947
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

E2open appoints Andrew Appel as permanent CEO with new three-year employment agreement
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- Appel's annual base salary set at $650,000 with target annual bonus of 125% of salary.
- One-time cash sign-on award of $1,500,000, payable within 10 days of Feb. 12, 2024 effective date.
- Equity grants include target 1,500,000 performance-based RSUs (max 3,000,000) and 1,700,000 performance-based stock options (max 3,400,000).
- Also receives 1,500,000 time-based RSUs, 1,700,000 time-based options, and 285,715 sign-on time-based RSUs.
- Initial three-year term with automatic annual renewals; severance of 2x base salary plus target bonus if terminated without cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800347/000095017024014947/0000950170-24-014947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800347/000095017024014947/etwo-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-014947

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