secwatch.observer — SEC 8-K summary
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Issuer:     CCC Intelligent Solutions Holdings Inc. (CCC)
CIK:        0001818201
Form:       8-K
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0000950170-25-001340
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

CCC Intelligent Solutions EVP & CCO Michael Silva departs; separation agreement detailed
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- Michael Silva separated as EVP, Chief Commercial Officer & Customer Success Officer effective Dec 31, 2024.
- Total cash severance of $639,662: $477,360 in 26 bi-weekly installments plus $162,302 lump sum.
- Company will pay employer portion of COBRA premiums for 12 months post-departure.
- 63,673 time-based RSUs and certain PSUs remain eligible to vest through March 2025 or 2026; all other unvested equity forfeited.
- Payments conditioned on release of claims and compliance with 24-month non-competition and non-solicitation covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818201/000095017025001340/0000950170-25-001340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818201/000095017025001340/cccs-20241231.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-001340

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