secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL GARDEN & PET CO (CENT)
CIK:        0000887733
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0001193125-22-256645
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Central Garden & Pet defers CEO retention payments to 2028 and 2029
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- CEO Timothy Cofer's retention payments due Oct 2023 and 2024 are deferred to Oct 2028 and 2029, respectively.
- Each payment is $1.9M plus compound annual 8% interest from Oct 14, 2019, payable in stock/cash.
- Payments conditional on continuous employment through respective retention dates (Oct 2023 for 2028 payment, Oct 2024 for 2029 payment).
- The Oct 2022 retention payment remains unchanged and is not deferred.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887733/000119312522256645/0001193125-22-256645-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887733/000119312522256645/d403457d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-256645

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