secwatch.observer — SEC 8-K summary
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Issuer:     Frontdoor, Inc. (FTDR)
CIK:        0001727263
Form:       8-K
Filed at:   2022-12-12T23:59:59+00:00
Accession:  0001193125-22-302751
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frontdoor adopts Executive Severance Policy for SVP+ executives effective Jan 1, 2023
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- Severance for qualifying termination (non-CIC): 1x base salary plus 1x target bonus, paid over 12 months or lump sum at company option.
- Severance for qualifying termination within 2 years of change in control: 2x base salary plus 2x target bonus, paid in lump sum.
- COBRA premium reimbursement for 12 months (non-CIC) or 18 months (CIC); outplacement services also provided.
- Benefits contingent on signing a separation agreement with release of claims and standard restrictive covenants.
- Policy covers SVP and above, including named executive officers; existing agreements with better terms preserved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1727263/000119312522302751/0001193125-22-302751-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1727263/000119312522302751/d408732d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-302751

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