secwatch.observer — SEC 8-K summary
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Issuer:     Primo Water Corp /CN/ (—)
CIK:        0000884713
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001140361-23-053459
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Primo Water appoints Robbert Rietbroek as CEO effective Jan 1, 2024
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- Rietbroek succeeds retiring CEO Tom Harrington; appointment follows a comprehensive search.
- Base salary of $750,000, target bonus 120% of salary, and annual LTI target of $3M.
- One-time inducement of $3.5M in RSUs vesting over 2 years plus $882,500 cash sign-on.
- Rietbroek also appointed to the Board of Directors effective January 1, 2024.
- He brings 25+ years experience at PepsiCo, Kimberly-Clark, and Procter & Gamble.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884713/000114036123053459/0001140361-23-053459-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884713/000114036123053459/ef20014780_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-053459

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