secwatch.observer — SEC 8-K summary
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Issuer:     MSC INDUSTRIAL DIRECT CO INC (MSM)
CIK:        0001003078
Form:       8-K/A
Filed at:   2026-01-05T23:59:59+00:00
Accession:  0001003078-26-000004
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSC Industrial discloses CEO Erik Gershwind's separation terms; special bonus payment of 33.33% of FY2026 bonus
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- CEO Erik Gershwind resigned effective Dec 31, 2025; remains on board as Vice Chair.
- Separation agreement provides special payment equal to 33.33% of FY2026 cash performance bonus.
- Payment made in lump sum on earlier of bonus payment date or Dec 31, 2026.
- Mutual non-disparagement; Gershwind subject to confidentiality, non-solicitation, and non-competition.
- Indemnification and D&O insurance rights preserved; no admission of liability.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1003078/000100307826000004/0001003078-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1003078/000100307826000004/msm-20251020.htm
  HTML page:      https://secwatch.observer/filing/0001003078-26-000004

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