secwatch.observer — SEC 8-K summary
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Issuer:     LiveWire Group, Inc. (LVWR)
CIK:        0001898795
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001193125-23-140033
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LiveWire adopts executive severance plan with 6–12 months base salary
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- Plan approved May 9, 2023; covers all executive officers (VP and above).
- CEO & President receive 12 months base salary lump sum; other execs receive 6 months.
- Includes prorated short-term incentive and health premium contribution.
- Benefits conditional on non-compete, non-solicitation covenants and release of claims.
- No duplication with individual severance agreements; 280G parachute payment limit applies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1898795/000119312523140033/0001193125-23-140033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1898795/000119312523140033/d441568d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-140033

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