secwatch.observer — SEC 8-K summary
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Issuer:     ICAHN ENTERPRISES L.P. (IEP)
CIK:        0000813762
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0001104659-24-103732
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Icahn Enterprises enters new CFO employment agreement with NAV-based incentive through 2028
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- CFO Ted Papapostolou signs employment letter effective Sept 26, 2024, with term through June 30, 2028.
- Annualized salary draw of $2.2M against NAV Incentive: 1% of Adjusted NAV increase above 5% annual return, capped at $17,075,616.
- Prorated bonus of $295,082 paid; prior Deferred Units partially vested (prorated from Dec 2021) and cash-settled; unvested units forfeited.
- Non-competition and non-solicitation covenants apply for one year post-employment; confidentiality and non-disparagement provisions included.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813762/000110465924103732/0001104659-24-103732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813762/000110465924103732/tm2425070d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-103732

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