secwatch.observer — SEC 8-K summary
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Issuer:     Mistras Group, Inc. (MG)
CIK:        0001436126
Form:       8-K
Filed at:   2025-01-02T23:59:59+00:00
Accession:  0001436126-25-000010
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mistras Group enters employment agreement with CFO Edward Prajzner effective Jan 1, 2025
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- Base salary $500K, target annual bonus 100% of base, auto allowance $10,100.
- Target equity incentive 125% of base salary for 2024 and 2025 (0-200% payout range).
- Severance: 24 months base salary, pro-rata bonus, 12 months COBRA, accelerated vesting of special award and earned RSUs.
- Non-compete covenant for 12 months and non-solicitation for 24 months post-termination.
- If termination within 90 days before or 12 months after change in control, lump sum equals 2x target bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436126/000143612625000010/0001436126-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436126/000143612625000010/prajzner-form8xkdisclosure.htm
  HTML page:      https://secwatch.observer/filing/0001436126-25-000010

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