{"schema_version":"secwatch.filing_event.v1","accession":"0001065280-25-000408","form_type":"8-K","ticker":"NFLX","cik":"0001065280","company_name":"NETFLIX INC","filed_at":"2025-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.700332+00:00","generated_at":"2026-05-17T00:32:06.807640+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Netflix amends exec severance plan: doubles pay to 2x salary+bonus, adds Good Reason trigger, retirement vesting","bullets":["Compensation Committee approved amendments to Severance Plan for co-CEOs Ted Sarandos and Greg Peters, CFO Spencer Neumann, CLO David Hyman, effective Jan 1, 2026.","Severance pay doubled from 1x to 2x of (annual base salary + target bonus) for Involuntary Termination outside Change in Control.","Definition of Involuntary Termination expanded to include Good Reason (pay cut >10% or material title change) at any time.","New Retirement provision: execs with >=10 years service, age 55+, good standing can continue equity vesting post-termination.","Outstanding RSU/PSU awards amended: on Qualifying Termination (incl. Good Reason), 12-month accelerated vesting plus pro-rata."],"urls":{"canonical":"https://secwatch.observer/filing/0001065280-25-000408","json":"https://secwatch.observer/filing/0001065280-25-000408.json","markdown":"https://secwatch.observer/filing/0001065280-25-000408.md","text":"https://secwatch.observer/filing/0001065280-25-000408.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1065280/000106528025000408/0001065280-25-000408-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1065280/000106528025000408/nflx-20251030.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:32:06.807640+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}