{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-411320","form_type":"8-K","ticker":"GRC","cik":"0000042682","company_name":"GORMAN RUPP CO","filed_at":"2026-10-02T12:39:28+00:00","discovered_at":"2026-10-02T12:40:00.282321+00:00","generated_at":"2026-10-12T14:32:33.895555+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Gorman-Rupp signs change-of-control severance pacts with CEO King, GC Burnell, CFO Stoops","bullets":["CEO Scott A. King gets 3x annual base salary plus Prior Bonus Amount plus prorated annual bonus; other officers, including CFO Ronald F. Stoops and GC Brigette A. Burnell, get 2x.","Benefits trigger on termination without Cause or for Good Reason within two years after a Change of Control, or within six months prior and primarily in anticipation of one.","Executives also receive a lump sum of 18 months of COBRA medical premiums and a payment for 24 additional months of credited retirement-plan service.","Equity: full vesting of time-based awards; performance awards pay at actual or target performance; a 280G 'best pay' cutback applies with no tax gross-up; benefits require a signed release.","Agreements dated October 1, 2026 run one year with automatic one-year evergreen renewals absent notice; filed as Exhibits 10.1 and 10.2."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-411320","json":"https://secwatch.observer/filing/0001193125-26-411320.json","markdown":"https://secwatch.observer/filing/0001193125-26-411320.md","text":"https://secwatch.observer/filing/0001193125-26-411320.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/42682/000119312526411320/0001193125-26-411320-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/42682/000119312526411320/grc-20261001.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:32:33.895555+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"}