secwatch.observer — SEC 8-K summary
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Issuer:     ESCO TECHNOLOGIES INC (ESE)
CIK:        0000866706
Form:       8-K
Filed at:   2021-11-23T23:59:59+00:00
Accession:  0001104659-21-142871
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ESCO Technologies director Solley to retire; board approves 10b5-1 repurchase plan and executive PSUs
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- Director Larry W. Solley to retire effective 2022 annual meeting; board reduces size from 8 to 7.
- Committee approved fiscal 2022 PSUs for executive officers with EBITDA and relative TSR performance targets.
- CEO Richey granted PSUs target value $1,462,905 (16,338 shares); CFO Tucker $357,265 (3,990); GC Schatz $173,976 (1,943).
- Audit & Finance Committee approved a 10b5-1 repurchase plan via J.P. Morgan, max term one year, starting late 2021/early 2022.
- Plan permits repurchases when predetermined conditions are met, independent of company's material non-public info.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866706/000110465921142871/0001104659-21-142871-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866706/000110465921142871/tm2133666d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-142871

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