secwatch.observer — SEC 8-K summary
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Issuer:     Spirit AeroSystems Holdings, Inc. (—)
CIK:        0001364885
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001104659-24-081505
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Spirit AeroSystems SVP and CPO Alan Young departs on July 18, 2024
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- Alan W. Young ceased as SVP and Chief Procurement Officer effective July 18, 2024.
- Separation agreement provides lump sum $475,000 (salary plus COBRA), $396,450 for forfeited LTIP awards, $50,000 transition services, and up to $10,000 legal fees.
- Mr. Young remains subject to one-year non-compete, non-solicitation, and confidentiality covenants.
- No replacement has been announced.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364885/000110465924081505/0001104659-24-081505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364885/000110465924081505/tm2419882d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-081505

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