secwatch.observer — SEC 8-K summary
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Issuer:     Zurn Elkay Water Solutions Corp (ZWS)
CIK:        0001439288
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0001193125-24-141884
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zurn Elkay renews CEO Todd Adams' employment through 2028 with same $1,005,000 salary
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- New letter agreement has a four-year initial term through May 17, 2028, then auto-renews yearly unless 90-day notice given.
- Base salary unchanged at $1,005,000; annual target bonus remains 125% of base salary with max 250%.
- Severance under existing plans enhanced: 2x (base salary plus target bonus) paid over 24 months, plus 24-month COBRA.
- Replaces prior letter agreement dated December 13, 2018; other key terms are substantially similar.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439288/000119312524141884/0001193125-24-141884-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439288/000119312524141884/d841559d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-141884

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