secwatch.observer — SEC 8-K summary
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Issuer:     DUCOMMUN INC /DE/ (DCO)
CIK:        0000030305
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001193125-24-136295
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ducommun enters new severance agreements with five executives; CEO gets enhanced change-in-control benefits
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- New Key Executive Severance Agreements on May 9, 2024 for CEO Stephen Oswald, CFO Mookerji, and three other officers.
- CEO: 2.5x base salary plus 2.5x target bonus lump sum upon change-in-control termination; equity vests immediately.
- For non-change-in-control qualifying termination: CEO gets 2 years base salary, target bonus, benefits for 2 years.
- Other executives: 2x salary plus 2x bonus lump sum for CIC termination; 1 year salary for non-CIC termination.
- Prior severance agreements (dated 2017-2022) terminated as a condition to the new agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30305/000119312524136295/0001193125-24-136295-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30305/000119312524136295/d827020d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-136295

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