secwatch.observer — SEC 8-K summary
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Issuer:     CoreCivic, Inc. (CXW)
CIK:        0001070985
Form:       8-K
Filed at:   2025-07-18T23:59:59+00:00
Accession:  0001193125-25-161202
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoreCivic amends executive severance plan; CEO payout multiple increased outside change-in-control period
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- New Severance Amount defined as Base Salary plus target Annual Cash Bonus.
- Change in Control Period extended to 18 months following a Change in Control.
- CEO outside CIC: severance increased from 1x Base Salary to 2.0x Severance Amount.
- CEO during CIC: lump sum now 2.5x Severance Amount (previously 2.99x Base Salary).
- Other executives during CIC: lump sum is 1.5x Severance Amount; plan effective July 25, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070985/000119312525161202/0001193125-25-161202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070985/000119312525161202/d29579d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-161202

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