secwatch.observer — SEC 8-K summary
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Issuer:     Mistras Group, Inc. (MG)
CIK:        0001436126
Form:       8-K
Filed at:   2024-09-18T23:59:59+00:00
Accession:  0001436126-24-000055
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mistras Group adopts executive severance plan effective Oct 2023; corrects prior filing error
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- Plan covers U.S.-based EVP and above, plus SVPs designated by CEO with Compensation Committee concurrence.
- Severance: 12 months base salary plus pro-rata bonus on non-CIC termination; 1.5x salary plus bonus on CIC termination.
- Benefits include COBRA subsidy for Restricted Period, continued equity vesting during non-CIC Restricted Period.
- Plan may be amended or terminated by Company at any time; disputes subject to arbitration.
- Original Form 10-K filed March 2024 included incorrect prior version; corrected exhibit now filed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436126/000143612624000055/0001436126-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436126/000143612624000055/mg-20240918.htm
  HTML page:      https://secwatch.observer/filing/0001436126-24-000055

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