{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-019413","form_type":"8-K","ticker":"TWIN","cik":"0000100378","company_name":"TWIN DISC INC","filed_at":"2022-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.538465+00:00","generated_at":"2026-06-24T02:32:07.645018+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Twin Disc appoints Kevin Olsen to board; CEO, CFO get salary increases, new equity awards","bullets":["Board appoints Kevin Olsen (CEO of Dorman Products) as director; board expands to 9; effective Aug 4, 2022.","Annual director retainer $140,000 (48% cash, 52% restricted shares) pro-rated for Olsen.","CEO Batten base salary raised 4% to $655,200; CFO Knutson raised 5% to $385,875; effective Oct 1, 2022.","Batten gets 48,251 restricted shares and target 72,376 performance RSUs; Knutson gets 23,691 restricted shares and target 35,537 performance shares.","New Change in Control Severance Agreements set Batten severance at 2.5x, Knutson at 2.0x base plus bonus."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-019413","json":"https://secwatch.observer/filing/0001437749-22-019413.json","markdown":"https://secwatch.observer/filing/0001437749-22-019413.md","text":"https://secwatch.observer/filing/0001437749-22-019413.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/100378/000143774922019413/0001437749-22-019413-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/100378/000143774922019413/twin20220805_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T02:32:07.645018+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"20725f1c03","claim":"David B. Rayburn retired as Director at TWIN DISC INC.","evidence_excerpt":"On August 4, 2022, David B. Rayburn announced his intention to retire from the Board, effective after the Company’s 2022 Annual Meeting of Shareholders.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/100378/000143774922019413/0001437749-22-019413-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"2c5d1e01f6","claim":"Kevin Olsen was appointed as Director at TWIN DISC INC.","evidence_excerpt":"On August 4, 2022, the Board of Directors (the “Board”) of Twin Disc, Incorporated (the “Company”) increased the size of the Board from eight to nine, and appointed Kevin Olsen as a member of the Board to fill the vacancy created by the expansion of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/100378/000143774922019413/0001437749-22-019413-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"bba3e70947","claim":"Michael C. Smiley was appointed as Chairman of the Board at TWIN DISC INC.","evidence_excerpt":"The Board intends to appoint Michael C. Smiley as the new Chairman of the Board after Mr. Rayburn’s retirement.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/100378/000143774922019413/0001437749-22-019413-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chairman of the Board"}],"fact_type":"executive_change"},{"claim_id":"bce76360af","claim":"Harold M. Stratton II departed as Director at TWIN DISC INC.","evidence_excerpt":"In addition, Harold M. Stratton II will not be nominated for another term to the Company’s Board, and his term on the Board will end as of the Company’s 2022 Annual Meeting of Shareholders.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/100378/000143774922019413/0001437749-22-019413-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"not nominated"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}