secwatch.observer — SEC 8-K summary
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Issuer:     MANHATTAN ASSOCIATES INC (MANH)
CIK:        0001056696
Form:       8-K
Filed at:   2025-03-06T23:59:59+00:00
Accession:  0000950170-25-034838
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Manhattan Associates amends Capel employment; salary cut to $507.5K, no bonus, RSU vesting continues
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- Capel transitions to Exec VP-Chairman effective Feb 12, 2025; salary reduced to $507,500 (70% of prior) effective March 1.
- Capel no longer eligible for annual cash bonus or severance payments under amended agreement.
- Unvested RSUs will continue to vest if Capel remains on Board; performance RSUs earned based on criteria.
- Double-trigger acceleration on change of control; continuing Board service treated as continuous employment.
- Expected transition to Executive Chairman on May 13, 2025, then to non-executive Chairman thereafter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056696/000095017025034838/0000950170-25-034838-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056696/000095017025034838/manh-20250305.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-034838

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