secwatch.observer — SEC 8-K summary
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Issuer:     HERBALIFE LTD. (HLF)
CIK:        0001180262
Form:       8-K/A
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001193125-24-080572
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Herbalife appoints John DeSimone CFO; grants $7.25M in stock appreciation rights
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- John DeSimone appointed CFO effective March 17, 2024; employment agreement executed March 27, 2024, term through March 26, 2026.
- Award of SARs with grant date fair value of $7,250,000; vests 50% on first anniversary and 50% on second anniversary.
- SARs have ten-year term; forfeiture on voluntary resignation or cause termination before second anniversary.
- Pro-rata vesting on termination without cause; full acceleration within 24 months after change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1180262/000119312524080572/0001193125-24-080572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1180262/000119312524080572/d771475d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-080572

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