secwatch.observer — SEC 8-K summary
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Issuer:     WHIRLPOOL CORP /DE/ (WHR)
CIK:        0000106640
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001193125-23-085573
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Whirlpool finalizes separation agreement with retiring Latin America President João Brega
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- João Brega to retire as EVP and President of Whirlpool Latin America effective March 31, 2023.
- Release Agreement provides BRL 934,545 (~$178,115) in two semi-annual installments for cooperation and release of claims.
- Director Services Agreement provides BRL 3,692,308 (~$703,752) for continued board service at Whirlpool S.A. through March 2024 and non-compete.
- Brega will resign from all management and statutory positions in Whirlpool subsidiaries on March 31, 2023.
- Agreements include confidentiality, non-disparagement, and cooperation covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106640/000119312523085573/0001193125-23-085573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106640/000119312523085573/d487732d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-085573

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