secwatch.observer — SEC 8-K summary
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Issuer:     GRAHAM CORP (GHM)
CIK:        0000716314
Form:       8-K
Filed at:   2021-08-11T23:59:59+00:00
Accession:  0001193125-21-243534
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO change: James Lines retires; Dan Thoren promoted to President and CEO effective Sept 1, 2021
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- James R. Lines to retire as CEO and Board member after 37 years; effective Aug 31, 2021.
- Dan Thoren, current President & COO, appointed President and CEO effective Sept 1, 2021.
- Thoren receives $400k base salary and $730k retention bonus if employed through June 1, 2023.
- Bonus target raised to 100% of salary; LTI percentage raised to 100%.
- Thoren previously led Barber-Nichols (acquired June 2021); owns 74.7% of ASC, leasing equipment to Graham.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716314/000119312521243534/0001193125-21-243534-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716314/000119312521243534/d319302d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-243534

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