secwatch.observer — SEC 8-K summary
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Issuer:     SCANSOURCE, INC. (SCSC)
CIK:        0000918965
Form:       8-K
Filed at:   2023-09-26T23:59:59+00:00
Accession:  0001193125-23-242483
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ScanSource President John Eldh resigns effective Nov 17; receives $1.5M separation
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- President John Eldh resigns effective November 17, 2023; he voluntarily notified company on Sept 22.
- Separation agreement provides $1.5M cash lump sum plus pro rata FY2024 bonus and vested equity.
- Non-compete for 18 months (major competitors) and 13 months (other firms); non-solicitation and non-disparagement apply.
- Separation pay includes a bonus related to the company's cyber insurance claim, referencing a prior cyber incident.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918965/000119312523242483/0001193125-23-242483-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918965/000119312523242483/d512445d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-242483

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