secwatch.observer — SEC 8-K summary
======================================

Issuer:     HURCO COMPANIES INC (HURC)
CIK:        0000315374
Form:       8-K
Filed at:   2021-11-17T23:59:59+00:00
Accession:  0001558370-21-016159
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315374/000155837021016159/0001558370-21-016159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315374/000155837021016159/hurc-20211111x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-016159

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