secwatch.observer — SEC 8-K summary
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Issuer:     ORTHOPEDIATRICS CORP (KIDS)
CIK:        0001425450
Form:       8-K
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0001425450-24-000087
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OrthoPediatrics inks new employment pacts with CEO, CFO, and three other NEOs
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- CEO Bailey base salary $550k; CFO Hite $501k; Odle/Gerritzen $368k; Hauser $400k.
- Severance: 30 months base + 2.5x avg bonus if terminated w/o cause or for good reason.
- Three-year initial term, auto-renew one-year; non-compete extends 30 months post-termination.
- Change-of-control triggers severance if employment terminated or title changed within 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425450/000142545024000087/0001425450-24-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425450/000142545024000087/kids-20241015.htm
  HTML page:      https://secwatch.observer/filing/0001425450-24-000087

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