secwatch.observer — SEC 8-K summary
======================================

Issuer:     HUBBELL INC (HUBB)
CIK:        0000048898
Form:       8-K
Filed at:   2022-12-30T23:59:59+00:00
Accession:  0001193125-22-315484
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hubbell amends change-in-control severance for four execs; new terms on bonus, cause, outplacement
--------------------------------------------------------------------------------

- Amended agreements for Gerben Bakker, William Sperry, Katherine Lane; new agreement for Allan Connolly.
- Severance lump sum now based on target bonus (2.5x for Bakker/Sperry, 2x for Lane/Connolly) vs prior 3-year average.
- Agreements automatically terminate if executive leaves officer role before a change in control.
- "Cause" definition expanded to include misuse of confidential info, fraud, code-of-conduct violations, fiduciary breach.
- Outplacement capped at $50,000 (max 15% of base salary).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48898/000119312522315484/0001193125-22-315484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48898/000119312522315484/d338344d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-315484

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