secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMPCO PITTSBURGH CORP (AP)
CIK:        0000006176
Form:       8-K
Filed at:   2021-10-22T23:59:59+00:00
Accession:  0001193125-21-305440
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ampco-Pittsburgh President & CAO Rose Hoover retires Dec 31, 2021; consulting deal through Dec 2024
--------------------------------------------------------------------------------

- Rose Hoover, President and CAO with 42 years of service, retires effective Dec 31, 2021; retirement accelerated 5 months at company request.
- Retirement package: $175K salary, $40,400 vacation, $231K target STI award, accelerated vesting of 33,068 RSUs and 88,252 PSUs.
- Consulting services Jan 2022–Dec 2024 at $250/hour up to 40 hrs/month; independent contractor status.
- Non-disparagement and confidentiality obligations; prior non-compete agreement dated May 2016 remains in effect.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6176/000119312521305440/0001193125-21-305440-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6176/000119312521305440/d164700d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-305440

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