secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN VANGUARD CORP (AVD)
CIK:        0000005981
Form:       8-K
Filed at:   2024-07-09T23:59:59+00:00
Accession:  0001193125-24-176729
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Vanguard CEO Eric Wintemute to retire; successor search by Dec 31, 2024
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- Eric Wintemute to retire as CEO; successor search by Kincannon & Reed.
- Will remain CEO until successor starts or Dec 31, 2024; Chairman through 2025 meeting.
- Retirement payment of $2.3M paid over 2 years; 24 months COBRA coverage.
- Unvested equity awards pro-rated; performance shares at target; options remain exercisable.
- Wintemute served 47 years, 30 as CEO; guided growth from $1.5M to $600M revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/5981/000119312524176729/0001193125-24-176729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/5981/000119312524176729/d826880d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-176729

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