secwatch.observer — SEC 8-K summary
======================================

Issuer:     CROWN HOLDINGS, INC. (CCK)
CIK:        0001219601
Form:       8-K
Filed at:   2022-01-11T23:59:59+00:00
Accession:  0001219601-22-000003
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crown Holdings promotes Kevin C. Clothier to CFO; enters employment agreement
-----------------------------------------------------------------------------

- Effective Jan 1, 2022, Clothier becomes SVP & CFO with an annual base salary of $535,000.
- Initial term of one year, auto-renewing annually unless 30-day non-renewal notice given.
- On termination without cause pre-change of control: lump sum equal to base salary plus pro-rata bonus.
- On termination without cause or for good reason within 12 months post-change of control: 3x base salary plus average bonus, with accelerated vesting of equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1219601/000121960122000003/0001219601-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1219601/000121960122000003/cck-20220107.htm
  HTML page:      https://secwatch.observer/filing/0001219601-22-000003

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