secwatch.observer — SEC 8-K summary
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Issuer:     ADTRAN Holdings, Inc. (ADTN)
CIK:        0000926282
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001193125-23-289895
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADTRAN SVP of Services Ronald Centis to depart Dec 15; severance includes $349K cash, RSU acceleration
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- Ronald Centis, SVP of Services, departs effective December 15, 2023.
- Severance: lump-sum $349,397 (52 weeks salary) plus $36,605 for medical premiums.
- Accelerated vesting of 15,821 unvested RSUs; other unvested awards forfeited.
- 18-month non-compete with competitors including Calix, Ciena, Nokia, Huawei.
- Agreement includes general release of claims and non-disparagement covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926282/000119312523289895/0001193125-23-289895-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926282/000119312523289895/d605940d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-289895

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