secwatch.observer — SEC 8-K summary
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Issuer:     Latham Group, Inc. (SWIM)
CIK:        0001833197
Form:       8-K
Filed at:   2021-07-09T23:59:59+00:00
Accession:  0001104659-21-090473
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Latham Group expects $138M stock-based comp expense in FY 2021 from IPO unit conversion
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- FY 2021 stock-based comp expense expected ~$138M, ~$131M from conversion of Class B units into restricted/common stock.
- Q2 2021 expects ~$76M stock-based comp, including $49.5M acceleration charges from reorganization/conversion.
- Remaining FY 2021 stock-based comp to be recognized evenly in Q3 and Q4.
- Expense is non-cash and relates to April 2021 IPO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833197/000110465921090473/0001104659-21-090473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833197/000110465921090473/tm2121755d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-090473

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