secwatch.observer — SEC 8-K summary
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Issuer:     Latham Group, Inc. (SWIM)
CIK:        0001833197
Form:       8-K/A
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001104659-23-011265
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Latham Group enters employment agreement with J. Mark Borseth as Strategic Advisor then Interim CFO
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- Borseth to serve as Strategic Advisor from Feb 13 until CFO hired or March 17, then as Interim CFO.
- Base salary $425K; target bonus 60% of base prorated; one-time signing bonus $50K.
- No long-term equity participation; agreement runs through Aug 13, 2023 unless terminated.
- If terminated without cause or for good reason, receives remaining base salary through Aug 13, 2023 + 70% COBRA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833197/000110465923011265/0001104659-23-011265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833197/000110465923011265/tm235549d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-011265

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