secwatch.observer — SEC 8-K summary
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Issuer:     Symbotic Inc. (SYM)
CIK:        0001837240
Form:       8-K
Filed at:   2023-10-02T23:59:59+00:00
Accession:  0001193125-23-249095
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Symbotic CFO Tom Ernst to retire; Carol Hibbard named successor as CFO
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- CFO Thomas Ernst to retire effective Dec 15, 2023; will serve as consultant through Sep 28, 2024.
- Ernst receives $375k severance, $50k consulting fee, and continued equity vesting through consulting period.
- Carol Hibbard, former Boeing SVP & Controller, appointed CFO effective Dec 15, 2023.
- Hibbard base salary $600k, bonus target 85%, sign-on bonus $300k, equity award $10M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837240/000119312523249095/0001193125-23-249095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837240/000119312523249095/d867865d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-249095

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