---
schema_version: "secwatch.filing_event.v1"
accession: "0001504337-25-000012"
form_type: "8-K"
ticker: "CLW"
cik: "0001441236"
company_name: "Clearwater Paper Corp"
filed_at: "2025-04-04T23:59:59+00:00"
generated_at: "2026-05-23T20:51:05.123537+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Clearwater Paper renews CEO Arsen Kitch's contract at $1M salary, same bonus structure

## Summary
- One-year term with automatic renewal; base salary unchanged at $1M.
- Target annual bonus remains 100% of base; LTIP target at 200% of base.
- LTIP awards: 70% performance shares (3-yr cliff) and 30% RSUs (3-yr ratable vesting).
- Non-cause termination severance: 18 months base salary plus prorated bonus and 18 months benefits.
- Change-of-control termination: 2.5x salary plus target bonus and 2.5 years benefits; no excise tax gross-up.

## SEC filing metadata
- accession: 0001504337-25-000012
- form_type: 8-K
- ticker: CLW
- cik: 0001441236
- company_name: Clearwater Paper Corp
- filed_at: 2025-04-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1441236/000150433725000012/0001504337-25-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1441236/000150433725000012/clw-20250401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504337-25-000012
- JSON: https://secwatch.observer/filing/0001504337-25-000012.json
- Plain text: https://secwatch.observer/filing/0001504337-25-000012.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.