secwatch.observer — SEC 8-K summary
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Issuer:     WHIRLPOOL CORP /DE/ (WHR)
CIK:        0000106640
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0001193125-23-076745
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106640/000119312523076745/0001193125-23-076745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106640/000119312523076745/d445763d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-076745

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