secwatch.observer — SEC 8-K summary
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Issuer:     WESTWOOD HOLDINGS GROUP INC (WHG)
CIK:        0001165002
Form:       8-K
Filed at:   2024-10-08T23:59:59+00:00
Accession:  0001165002-24-000070
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westwood President of Wealth Management Leah Bennett to resign Dec 31, 2024
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- Leah Bennett resigns as President of Westwood Wealth Management effective Dec 31, 2024.
- She will receive deferred cash payments of $350k (Feb 2025), $250k (Feb 2026), and $150k (Feb 2027) subject to non-solicit provisions.
- Unvested restricted stock and 2024 bonus forfeited upon resignation.
- Non-compete obligation waived; non-solicitation and confidentiality obligations remain through Feb 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1165002/000116500224000070/0001165002-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1165002/000116500224000070/whg-20241008.htm
  HTML page:      https://secwatch.observer/filing/0001165002-24-000070

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