secwatch.observer — SEC 8-K summary
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Issuer:     FreightCar America, Inc. (RAIL)
CIK:        0001320854
Form:       8-K
Filed at:   2025-09-16T23:59:59+00:00
Accession:  0001213900-25-088168
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FreightCar America amends severance for CEO/CFO post-change-in-control
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- CEO Randall gets 24 months base salary, 2 bonus payments (avg of last 2 yrs), and health coverage upon qualifying termination post-CIC.
- CFO Riordan gets 18 months base salary, 2 bonus payments (avg of last 2 yrs), and health coverage for 18 months post-CIC.
- Amendments effective Sep 3, 2025; benefits replace any severance under existing Executive Severance Plan.
- Termination must occur within 24 months of a Change in Control without Cause or for Good Reason.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320854/000121390025088168/0001213900-25-088168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320854/000121390025088168/ea0257444-8k_freight.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-088168

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