---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-001610"
form_type: "8-K"
ticker: "WKC"
cik: "0000789460"
company_name: "WORLD KINECT CORP"
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T21:45:29.361011+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# World Fuel Services amends CEO Kasbar's employment agreement; three-year term through Dec 2025, removes single trigger

## Summary
- Replaces evergreen auto-renew with fixed three-year term ending December 31, 2025; Company may extend with one-year notice.
- Base salary of $1M and target bonus of 175% of base salary unchanged from current levels.
- Eliminates modified single-trigger change-in-control severance; benefits now contingent on termination without cause or for good reason.
- Severance: 2x (base + target) without change in control, 3x after change in control; lump sum of $1.5M or $2.5M payable after restricted period ends.
- Restrictive covenants (non-compete, non-solicit) apply during employment and for two years post-termination.

## SEC filing metadata
- accession: 0001157523-22-001610
- form_type: 8-K
- ticker: WKC
- cik: 0000789460
- company_name: WORLD KINECT CORP
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789460/000115752322001610/0001157523-22-001610-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789460/000115752322001610/a52968264.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-001610
- JSON: https://secwatch.observer/filing/0001157523-22-001610.json
- Plain text: https://secwatch.observer/filing/0001157523-22-001610.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.