---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-076745"
form_type: "8-K"
ticker: "WHR"
cik: "0000106640"
company_name: "WHIRLPOOL CORP /DE/"
filed_at: "2023-03-22T23:59:59+00:00"
generated_at: "2026-06-17T21:01:01.160615+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Whirlpool finalizes separation agreement with former President and COO Liotine, includes $3.87M payment

## Summary
- Joseph T. Liotine, former President and COO, entered Waiver and Release Agreement effective March 16, 2023; separation date March 31, 2023.
- Liotine receives $3,868,250 in two equal installments (March 2023 and March 2024).
- Additional $100,000 outplacement benefits and $20,000 for health coverage.
- Restrictive covenants (non-compete, non-solicit) for 24 months; breach triggers 75% clawback of consideration.
- Liotine released all claims against Whirlpool; agreement includes confidentiality and cooperation obligations.

## SEC filing metadata
- accession: 0001193125-23-076745
- form_type: 8-K
- ticker: WHR
- cik: 0000106640
- company_name: WHIRLPOOL CORP /DE/
- filed_at: 2023-03-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/106640/000119312523076745/0001193125-23-076745-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/106640/000119312523076745/d445763d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-076745
- JSON: https://secwatch.observer/filing/0001193125-23-076745.json
- Plain text: https://secwatch.observer/filing/0001193125-23-076745.txt

## Key facts
- Executive change
  Joseph T. Liotine changed role as President and Chief Operating Officer at WHIRLPOOL CORP /DE/.
  - Action: transitioned to advisory role and separated
  - Role: President and Chief Operating Officer
  source text: As reported by Whirlpool Corporation (the “Company”) in its Current Report on Form 8-K, dated January 30, 2023, Joseph T. Liotine, President and Chief Operating Officer of the Company, transitioned to an advisory role, effective January 31, 2023, with Mr. Liotine expected to continue in such advisory role through March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/106640/000119312523076745/0001193125-23-076745-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.