secwatch.observer — SEC 8-K summary
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Issuer:     Mistras Group, Inc. (MG)
CIK:        0001436126
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001436126-23-000057
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mistras Group finalizes separation with ex-CEO Bertolotti; severance ~$1.9M plus equity vesting
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- Lump sum cash payment of $1,229,130 and additional $645,870 in installments over 18 months.
- Immediate vesting of 253,537 unvested restricted stock units and earned performance-based RSUs.
- COBRA healthcare premiums paid for 18 months; life insurance premiums for 24 months ($7,065/year).
- Vehicle purchased at discount; pro rata 2023 bonus based on actual performance metrics.
- Non-compete for one year, non-solicitation for two years, and general release of claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436126/000143612623000057/0001436126-23-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436126/000143612623000057/mg-20231206.htm
  HTML page:      https://secwatch.observer/filing/0001436126-23-000057

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