secwatch.observer — SEC 8-K summary
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Issuer:     GRAHAM CORP (GHM)
CIK:        0000716314
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001193125-23-193510
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Graham Corp caps CEO PSU payout at 35,580 shares to comply with plan limit
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- Compensation Committee approved amendment on July 21, 2023, limiting CEO Danial J. Thoren's PSU vesting to 35,580 shares.
- Original PSU award covered 24,420 shares; new limit prevents exceeding the Plan's 60,000-share annual per-participant cap.
- Stockholders will vote on a Plan amendment to clarify target shares used for the annual cap going forward.
- Amendment applies to the PSU granted in May 2022; separate time-vesting RSUs of 24,420 shares remain unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716314/000119312523193510/0001193125-23-193510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716314/000119312523193510/d507600d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-193510

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