---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-016159"
form_type: "8-K"
ticker: "HURC"
cik: "0000315374"
company_name: "HURCO COMPANIES INC"
filed_at: "2021-11-17T23:59:59+00:00"
generated_at: "2026-06-28T07:31:42.731314+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Hurco amends employment agreements for Executive Chairman and CEO, formalizing 2021 role transitions

## Summary
- Michael Doar's severance period reduced from 12 to 9 months; enhanced severance from 24 to 18 months.
- Gregory Volovic's severance period increased from 9 to 12 months; enhanced severance from 18 to 24 months.
- Amendments clarify that Doar's transition to Executive Chairman and salary changes do not constitute 'Good Reason'.
- Changes effective November 11, 2021, formalizing March 2021 role shifts.

## SEC filing metadata
- accession: 0001558370-21-016159
- form_type: 8-K
- ticker: HURC
- cik: 0000315374
- company_name: HURCO COMPANIES INC
- filed_at: 2021-11-17T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315374/000155837021016159/0001558370-21-016159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315374/000155837021016159/hurc-20211111x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-016159
- JSON: https://secwatch.observer/filing/0001558370-21-016159.json
- Plain text: https://secwatch.observer/filing/0001558370-21-016159.txt

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