secwatch.observer — SEC 8-K summary
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Issuer:     LOGITECH INTERNATIONAL S.A. (LOGI)
CIK:        0001032975
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001032975-23-000082
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Logitech appoints Hanneke Faber as CEO effective December 1, 2023
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- Hanneke Faber, former Unilever Business Group President, becomes CEO; Guy Gecht steps down as interim CEO.
- Base salary of CHF equivalent of $1.35M; target cash comp of CHF equivalent of $3.0375M.
- Equity: PSU grant proposed at $5.3375M for April 2024; replacement RSUs of $2.95M granted.
- Cash buy-out bonus of CHF 2.38M for forfeited prior compensation; repayment clause if terminated for cause within 12 months.
- Relocation: $25K net monthly allowance for up to 12 months in Switzerland and up to 24 months in US.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032975/000103297523000082/0001032975-23-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032975/000103297523000082/logi-20231029.htm
  HTML page:      https://secwatch.observer/filing/0001032975-23-000082

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