secwatch.observer — SEC 8-K summary
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Issuer:     DOUGLAS DYNAMICS, INC (PLOW)
CIK:        0001287213
Form:       8-K
Filed at:   2021-12-28T23:59:59+00:00
Accession:  0001104659-21-153944
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Douglas Dynamics eliminates President-Work Truck Solutions role; Sievert to VP, BD through March 2022
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- President – Work Truck Solutions role eliminated Nov 30, 2021; CEO Bob McCormick assumes responsibilities.
- Jon Sievert appointed VP, Business Development through March 30, 2022; new employment agreement replaces prior contract.
- Agreement provides $343,667 annual base salary, 10% 2021 AIP bonus, continued vesting of RSUs and PSUs.
- Post-employment severance includes 10 months base salary plus COBRA subsidy, subject to separation agreement; 24-month restrictive covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287213/000110465921153944/0001104659-21-153944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287213/000110465921153944/tm2136238d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-153944

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