secwatch.observer — SEC 8-K summary
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Issuer:     Simply Good Foods Co (SMPL)
CIK:        0001702744
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001104659-24-050021
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simply Good Foods amends executive severance plan and retirement policy with enhanced benefits
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- Added prorated bonus for qualifying terminations within 12 months of Change in Control (greater of target or actual bonus).
- Equity acceleration for all outstanding awards upon qualifying termination within 90 days before a Change in Control.
- Retirement eligibility changed to age 59 with 7 years of service; continued vesting of stock options, RSUs.
- Severance payments restructured to comply with Section 409A short-term deferral rules.
- Plan covers CEO, CFO, named executive officers and other designated officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702744/000110465924050021/0001104659-24-050021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702744/000110465924050021/tm2412311d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-050021

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