secwatch.observer — SEC 8-K summary
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Issuer:     BrightView Holdings, Inc. (BV)
CIK:        0001734713
Form:       8-K/A
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001104659-23-083085
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

BrightView finalizes Transition Agreement with former President Jeffery Herold
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- Herold to serve as non-executive employee from Aug 1, 2023 to Aug 1, 2024, with base salary $247k.
- Target FY2023 bonus of $363,750; severance of $495k if terminated without cause or on Termination Date.
- Unvested equity forfeited unless Qualifying Termination; then certain RSUs/PSUs vest under conditions.
- Fred Freund succeeded Herold as President of Evergreen West effective Dec 14, 2022.
- Transition Agreement includes restrictive covenants from 2018 employment letter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1734713/000110465923083085/0001104659-23-083085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1734713/000110465923083085/tm2321730d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-083085

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