secwatch.observer — SEC 8-K summary
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Issuer:     Karat Packaging Inc. (KRT)
CIK:        0001758021
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0001213900-23-072853
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Karat Packaging COO Joanne Wang to retire Dec 1; Daniel Quire appointed Chief Revenue Officer
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- Joanne Wang to retire as COO effective Dec 1, 2023; also resigned from board Aug 30, 2023.
- Separation agreement provides $126,000 cash severance, COBRA premiums for 13 months, accelerated vesting of 16,667 stock options.
- Daniel Quire, former VP Sales, named new Chief Revenue Officer effective Aug 31, 2023; role is newly created.
- Operational duties will be divided among team members focusing on Texas manufacturing and distribution centers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758021/000121390023072853/0001213900-23-072853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758021/000121390023072853/ea184499-8k_karat.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-072853

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