secwatch.observer — SEC 8-K summary
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Issuer:     Ecovyst Inc. (ECVT)
CIK:        0001708035
Form:       8-K
Filed at:   2022-12-22T23:59:59+00:00
Accession:  0001193125-22-311042
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ecovyst grants CEO, CFO, GC 24-month severance with 2x target bonus
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- CEO Kurt Bitting receives 24-month salary continuation, pro-rated bonus, and cash payment of 2x target bonus upon qualifying termination.
- CFO Michael Feehan receives identical severance terms: 24-month salary continuation, pro-rated bonus, 2x target bonus cash payment.
- GC Joseph Koscinski's amended agreement removes post-change-in-control limitation; now eligible for same severance as CEO/CFO.
- All severances conditioned on release of claims and compliance with 2-year non-compete and non-solicitation covenants.
- Agreements dated December 16, 2022; severance payments in lieu of any other company severance plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708035/000119312522311042/0001193125-22-311042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708035/000119312522311042/d419187d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-311042

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