secwatch.observer — SEC 8-K summary
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Issuer:     SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK:        0000354963
Form:       8-K
Filed at:   2021-07-30T23:59:59+00:00
Accession:  0001171843-21-005320
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shentel delays SVP Pirtle's departure to Dec 31; awards $364K in one-time bonuses for wireless sale
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- William Pirtle's departure extended to Dec 31, 2021 (from Aug 2) to assist sales transition under internal reorganization.
- Separation agreement signed: Pirtle retains base salary and benefits through Dec 31; no future equity grants.
- One-time cash bonuses of $137K (Volk), $130K (McKay), $97K (Pirtle) paid Aug 4 for wireless asset sale completion.
- Severance terms include 'Covered Termination' after change in control with modified bonus payout up to greater of earned or target for 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354963/000117184321005320/0001171843-21-005320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354963/000117184321005320/f8k_073021.htm
  HTML page:      https://secwatch.observer/filing/0001171843-21-005320

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