{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-239449","form_type":"8-K","ticker":"MIDD","cik":"0000769520","company_name":"MIDDLEBY Corp","filed_at":"2026-05-26T20:30:47+00:00","discovered_at":"2026-05-26T20:33:00.441246+00:00","generated_at":"2026-05-26T20:35:05.778283+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"confidence":"high","headline":"Middleby adopts executive severance plan with 3x CEO payout and amended incentive plan","bullets":["CEO (Tier I) eligible for 3x base salary plus target bonus on termination without cause; same multiplier after change in control.","Named executive officers (Tier II) receive 1x base+bonus without CIC, 2x after CIC; includes CFO, CTOO, CCO, CDO.","Compensation Committee also adopted amended Value Creation Incentive Plan (VCIP) for cash bonuses based on performance goals.","Severance requires execution of release and compliance with restrictive covenants; benefits forfeited upon breach.","Plan effective May 20, 2026; supersedes prior severance arrangements for participants."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-239449","json":"https://secwatch.observer/filing/0001193125-26-239449.json","markdown":"https://secwatch.observer/filing/0001193125-26-239449.md","text":"https://secwatch.observer/filing/0001193125-26-239449.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/769520/000119312526239449/0001193125-26-239449-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/769520/000119312526239449/d91692d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T20:35:05.778283+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}