secwatch.observer — SEC 8-K summary
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Issuer:     XPO, Inc. (XPO)
CIK:        0001166003
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001104659-23-006589
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XPO enters Separation Agreement with former CFO Ravi Tulsyan; effective Jan 6, 2023
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- Cash severance of $500,000 paid over 12 months; $8,200 prorated 2023 target bonus.
- Accelerated vesting on certain time-based and performance-based RSUs and PRSUs.
- COBRA premium coverage for up to 6 months; 9 months of outplacement services.
- Non-compete and non-solicitation obligations under CIPA remain in full force for 3 years.
- Tulsyan receives carryover PTO payment and enhanced 2022 bonus payment in March 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166003/000110465923006589/0001104659-23-006589-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166003/000110465923006589/tm234396d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-006589

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