secwatch.observer — SEC 8-K summary
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Issuer:     Willdan Group, Inc. (WLDN)
CIK:        0001370450
Form:       8-K
Filed at:   2021-10-25T23:59:59+00:00
Accession:  0001104659-21-129490
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chief Strategy Officer Adam Procell resigns from Willdan Group effective Oct 19, 2021
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- Mr. Procell will provide transition consulting services for up to 4 hours/week for 6 months or until new full-time employment.
- Severance of $185,390.40 payable over 6 months in equal installments; COBRA premiums paid through Dec 31, 2021.
- All outstanding Restricted Stock and Performance-Based Restricted Stock Units fully vested as of Oct 19, 2021.
- Company and executive mutually release claims; non-disparagement and confidentiality obligations apply.
- Separation agreement filed as Exhibit 10.1; non-compete obligations terminate on separation date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370450/000110465921129490/0001104659-21-129490-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370450/000110465921129490/tm2130829d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-129490

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