secwatch.observer — SEC 8-K summary
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Issuer:     Gogo Inc. (GOGO)
CIK:        0001537054
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0000950170-25-055358
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gogo enters second amended employment agreement with Executive Chairman Thorne; $700k base salary, $1.4M lump-sum
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- Second Amended and Restated Employment Agreement with Oakleigh Thorne effective April 15, 2025, for terms through 2025.
- Base salary of $700k during full-time first term and $350k during part-time second term through Dec 31, 2025.
- Eligible for annual bonus at 100% of base salary, determined by Compensation Committee.
- Lump-sum payment of $1.4M upon First Term Expiration Date; equity awards consistent with 2023 awards for 2025.
- Enhanced severance: termination without cause or good reason triggers Pro Rata Bonus and Second Term Expiration Equity Treatment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1537054/000095017025055358/0000950170-25-055358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1537054/000095017025055358/gogo-20250415.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-055358

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