secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN VANGUARD CORP (AVD)
CIK:        0000005981
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001193125-24-065851
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Vanguard announces director retirement/appointment, severance plan, and $0.03 dividend
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- Director Morton Erlich to retire after 11 years; Steven Macicek appointed as Audit Committee Chair, effective ~March 15, 2024.
- Board adopted severance plan for Section 16 officers (excl. CEO): up to 18 months' pay plus equity acceleration and COBRA on qualified termination.
- Declared quarterly cash dividend of $0.03 per share, payable April 10, 2024 to holders of record March 27, 2024.
- Macicek formerly Global Client Services Partner at EY, brings governance expertise; recruited via James Drury Partners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/5981/000119312524065851/0001193125-24-065851-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/5981/000119312524065851/d758429d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-065851

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