secwatch.observer — SEC 8-K summary
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Issuer:     HACKETT GROUP, INC. (HCKT)
CIK:        0001057379
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001193125-24-219271
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hackett Group grants execs performance RSUs with stock price hurdles up to $50, cuts annual equity by 50%
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- CEO Fernandez receives 786,885 performance RSUs ($20.1M); COO Dungan 413,115 ($10.6M); CFO Ramirez 72,000 ($1.8M).
- Awards vest only if 20-day VWAP exceeds $30 (+16%), $40 (+54%), $50 (+93%) from $25.93 base by Dec 31, 2028.
- Annual equity incentive awards for NEOs reduced by 50% during 2025-2028; awards tied to generative AI strategy.
- Up to 10 other employees can participate; total potential RSUs if all participate is 1,879,350.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057379/000119312524219271/0001193125-24-219271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057379/000119312524219271/d871863d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-219271

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer