secwatch.observer — SEC 8-K summary
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Issuer:     CRAWFORD & CO (CRD-A)
CIK:        0000025475
Form:       8-K
Filed at:   2026-01-15T23:59:59+00:00
Accession:  0001104659-26-004113
Event type: leadership
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crawford & Company promotes Michael J. Hoberman to CEO – US Operations; new employment agreement
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- Michael J. Hoberman promoted to CEO – US Operations, effective Jan 1, 2026, reporting to interim CEO Bruce Swain.
- New agreement: base salary $475,000; STIP target 57.5% of base; LTIP target $550,000 for 2026.
- Sales incentive: 0.5% of quarterly billed US service fees for first 24 months per new sale.
- At-will employment; severance of 12 months base salary if terminated without cause, subject to severance agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25475/000110465926004113/0001104659-26-004113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25475/000110465926004113/tm263247d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-004113

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