---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-083596"
form_type: "8-K"
ticker: "SWIM"
cik: "0001833197"
company_name: "Latham Group, Inc."
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:21:19.130952+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Latham Group standardizes executive severance and extends Interim CFO Borseth through Dec 2023

## Summary
- Amends employment agreements for CEO Scott Rajeski, execs; moves to at-will with new Severance Plan standardizing terms.
- Severance Plan: 1.5x salary (CEO) or 1x (others), COBRA, equity acceleration on change in control; expires Dec 31, 2025.
- Extends Interim CFO Borseth to Dec 31, 2023; grants 213,212 RSUs (50% immediate) and $100k bonus.
- Borseth guaranteed minimum 75% of target bonus for 2023; if permanent CFO starts, becomes Strategic Advisor.

## SEC filing metadata
- accession: 0001104659-23-083596
- form_type: 8-K
- ticker: SWIM
- cik: 0001833197
- company_name: Latham Group, Inc.
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833197/000110465923083596/0001104659-23-083596-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833197/000110465923083596/tm2321859d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-083596
- JSON: https://secwatch.observer/filing/0001104659-23-083596.json
- Plain text: https://secwatch.observer/filing/0001104659-23-083596.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.