secwatch.observer — SEC 8-K summary
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Issuer:     ADTRAN Holdings, Inc. (ADTN)
CIK:        0000926282
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001193125-23-177593
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CFO Michael Foliano retires; consulting deal at $220/hr plus RSU acceleration and option extension
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- Michael Foliano retired as SVP Finance and CFO effective June 28, 2023.
- Consulting agreement from July 1, 2023 to June 30, 2024 at $220/hour with expense reimbursement.
- Compensation committee accelerated vesting of 36,952 unvested RSUs on departure date.
- Exercise period for 52,303 vested stock options extended through each option's original term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926282/000119312523177593/0001193125-23-177593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926282/000119312523177593/d444422d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-177593

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