secwatch.observer — SEC 8-K summary
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Issuer:     Allison Transmission Holdings Inc (ALSN)
CIK:        0001411207
Form:       8-K
Filed at:   2022-07-19T23:59:59+00:00
Accession:  0001193125-22-196981
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allison Transmission adopts Executive Change in Control & Severance Plan for named officers
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- Plan provides severance for qualifying termination: Tier 1 execs get 1x base+bonus; Tier 2 get 1x base+prorated bonus; plus 12 months COBRA.
- Upon change-in-control qualifying termination, Tier 1 execs receive 2x base+bonus, 18 months COBRA plus 6-month taxable payment, and accelerated equity vesting.
- Named participants include CFO G. Frederick Bohley, SVP Marketing John M. Coll (Tier 1), and VP GC Eric C. Scroggins (Tier 2/1 for CIC).
- Participants waive prior severance agreements and must sign release, with non-compete, non-solicitation, and confidentiality covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1411207/000119312522196981/0001193125-22-196981-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1411207/000119312522196981/d385067d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-196981

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