secwatch.observer — SEC 8-K summary
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Issuer:     Clearwater Paper Corp (CLW)
CIK:        0001441236
Form:       8-K
Filed at:   2022-05-18T23:59:59+00:00
Accession:  0001193125-22-154042
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearwater Paper amends annual incentive plan; raises CEO award cap to $3M, adds clawback for reputational harm
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- Compensation Committee approved amendments to Annual Incentive Plan, effective Jan 1, 2022.
- New CEO award cap $3.0M; other participants cap raised to $2.0M.
- Added flexibility to include strategic and ESG performance goals.
- Committee gains discretion to adjust awards up/down and to clawback awards for reputational harm.
- Shareholders elected Kevin J. Hunt and Ann C. Nelson as Class II directors; ratified KPMG as auditor; approved say-on-pay.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441236/000119312522154042/0001193125-22-154042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441236/000119312522154042/d320695d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-154042

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