secwatch.observer — SEC 8-K summary
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Issuer:     JELD-WEN Holding, Inc. (JELD)
CIK:        0001674335
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001193125-22-213069
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JELD-WEN CEO Gary Michel resigns; Kevin Lilly interim CEO, David Nord chair
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- CEO Gary S. Michel resigned Aug 3, 2022; receives $90,411 notice pay, 18-month COBRA, $175,000 cash for prorated RSUs.
- Kevin C. Lilly (EVP/CIO) appointed Interim CEO; base salary $450k, annual stipend $475k, target bonus 110% of base+stipend.
- Independent director David G. Nord elected non-executive Chair; Board reduced to 7 directors.
- Board initiates comprehensive search for permanent CEO, considering internal and external candidates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674335/000119312522213069/0001193125-22-213069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674335/000119312522213069/d410429d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-213069

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