secwatch.observer — SEC 8-K summary
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Issuer:     WOLVERINE WORLD WIDE INC /DE/ (WWW)
CIK:        0000110471
Form:       8-K
Filed at:   2021-12-23T23:59:59+00:00
Accession:  0001140361-21-042930
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brendan Hoffman promoted to President and CEO of Wolverine World Wide, effective Jan 2, 2022
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- New base salary of $1,000,000 per annum; target short-term incentive at 120% of base salary.
- Severance of 18 months base salary if terminated without cause or for good reason, offset by other compensation.
- COBRA coverage for 18 months; outplacement assistance for 12 months.
- Performance-based awards vest pro-rata upon qualifying termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/110471/000114036121042930/0001140361-21-042930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/110471/000114036121042930/brhc10032212_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-042930

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