secwatch.observer — SEC 8-K summary
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Issuer:     Latham Group, Inc. (SWIM)
CIK:        0001833197
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001104659-23-083596
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833197/000110465923083596/0001104659-23-083596-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833197/000110465923083596/tm2321859d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-083596

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