secwatch.observer — SEC 8-K summary
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Issuer:     ADTRAN Holdings, Inc. (ADTN)
CIK:        0000926282
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001193125-23-289150
Event type: leadership
Sentiment:  negative
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADTRAN Holdings temporarily cuts CEO salary by 50%, other execs by 25%
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- CEO Thomas Stanton's base salary reduced 50%; CRO Wilson, CFO Dopfer, CTO Glingener, and NEO Harris reduced 25%.
- Salary reductions effective Nov 1, 2023 through July 31, 2024 (seven months).
- Wilson and Harris each granted stock options: Wilson 16,878 shares, Harris 13,067 shares, at $5.23 exercise price, vesting over 2 years.
- Reductions are part of a previously disclosed Business Efficiency Program due to macroeconomic uncertainty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926282/000119312523289150/0001193125-23-289150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926282/000119312523289150/d551892d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-289150

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