secwatch.observer — SEC 8-K summary
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Issuer:     TWIN DISC INC (TWIN)
CIK:        0000100378
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001437749-24-024729
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Twin Disc adopts Omnibus Incentive Plan, raises CEO/CFO pay 4% with new equity grants
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- CEO Batten base salary raised 4% to $712,071; CFO Knutson base salary raised 4% to $419,369.
- Target bonuses set at 85% of salary (CEO) and 55% (CFO) under FY2025 Corporate Incentive Plan.
- 30,474 RSUs granted to Batten, 14,963 to Knutson; 3-year cliff vesting.
- Performance stock awards: target 45,711 shares (Batten) and 22,444 (Knutson); max 200% based on ROC and EBITDA.
- Omnibus Plan pools 1,636,550 shares (400k new); requires shareholder approval by Aug 1, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100378/000143774924024729/0001437749-24-024729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100378/000143774924024729/twin20240805_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-024729

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