secwatch.observer — SEC 8-K summary
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Issuer:     Chemours Co (CC)
CIK:        0001627223
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001193125-24-114364
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chemours CFO Lock resigns amid accounting review; gets extended options, no severance
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- Resigned as SVP & CFO effective April 23, 2024; no severance, no 2023 or 2024 annual incentive.
- Vested stock options on ~89,184 shares (8 grants, strike $14.43-$48.25) extended to 3-year exercise window.
- Must cooperate with board's ongoing review of accounting matters; breach may forfeit equity awards and require repayment.
- Only cash benefit is $7,245 for 3 months COBRA premiums; all unvested equity awards forfeited for no consideration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627223/000119312524114364/0001193125-24-114364-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627223/000119312524114364/d713795d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-114364

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