secwatch.observer — SEC 8-K summary
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Issuer:     Orion Group Holdings Inc (ORN)
CIK:        0001402829
Form:       8-K
Filed at:   2022-08-31T23:59:59+00:00
Accession:  0001402829-22-000050
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Orion Group Holdings appoints Gordon Scott Thanisch as CFO effective Sept 12, 2022
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- Thanisch receives $425k base salary, eligible for annual target bonus of up to 75% of base.
- Stub bonus of $100k if 2022 EBITDA reaches $25M and progress on replacing credit facility.
- Equity awards: $360k in restricted stock and $240k in performance units, three-year vesting.
- Severance: one year's base pay if terminated without cause or for good reason; 2.5x base + bonus during change of control protection period.
- Thanisch previously CFO of a Texas commercial construction services company and a transport services firm.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402829/000140282922000050/0001402829-22-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402829/000140282922000050/orn-20220829x8k.htm
  HTML page:      https://secwatch.observer/filing/0001402829-22-000050

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