secwatch.observer — SEC 8-K summary
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Issuer:     BALCHEM CORP (BCPC)
CIK:        0000009326
Form:       8-K
Filed at:   2022-09-20T23:59:59+00:00
Accession:  0001140361-22-034013
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Balchem grants CEO Harris 130,000 options; $6.3M value for retention
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- 130,000 stock options awarded to CEO Ted Harris with grant date Sep 15, 2022; fair value ~$6.3M.
- Options split into four tranches at FMV and plus 10%/15%/20% premiums; vest over 5 years.
- Bylaws amended to adopt majority voting for director elections, opt out of Maryland control share law.
- Board size range confirmed at 3–15; CEO no longer required to be a director; indemnification updated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/9326/000114036122034013/0001140361-22-034013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/9326/000114036122034013/brhc10042019_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-034013

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