secwatch.observer — SEC 8-K summary
======================================

Issuer:     CNH Industrial N.V. (CNH)
CIK:        0001567094
Form:       8-K
Filed at:   2025-04-10T23:59:59+00:00
Accession:  0001193125-25-078065
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CNH CFO Oddone Incisa to step down May 6, succeeded by Jim Nickolas from Martin Marietta
--------------------------------------------------------------------------------

- Oddone Incisa steps down as CFO effective May 6, 2025; he will remain an employee through May 31.
- James Nickolas named CFO; previously CFO and EVP at Martin Marietta, with over 30 years experience.
- Nickolas will receive $825,000 base salary, target bonus 100% of base, and LTI target 375% of base.
- Make-whole equity awards: one-time RSU grant of $4.5M vesting 2026/2027 and $3.6M RSU cliff vesting 2030.
- Incisa eligible for €4,201,485 separation under Italian statutory collective agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1567094/000119312525078065/0001193125-25-078065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1567094/000119312525078065/d904443d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-078065

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