secwatch.observer — SEC 8-K summary
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Issuer:     Clearwater Paper Corp (CLW)
CIK:        0001441236
Form:       8-K
Filed at:   2025-04-04T23:59:59+00:00
Accession:  0001504337-25-000012
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441236/000150433725000012/0001504337-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441236/000150433725000012/clw-20250401.htm
  HTML page:      https://secwatch.observer/filing/0001504337-25-000012

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