secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED ENERGY INDUSTRIES INC (AEIS)
CIK:        0000927003
Form:       8-K
Filed at:   2022-03-22T23:59:59+00:00
Accession:  0001558370-22-004034
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Advanced Energy EVP, General Counsel & Corp Sec Tom McGimpsey to depart April 15, 2022
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- Severance: one-times annual base salary, 12 months medical premiums, 12 months retirement contributions, $15K outplacement.
- Unvested restricted and performance stock units forfeited; remaining options exercisable for 36 months.
- Company has commenced a search to replace Mr. McGimpsey, who served over 13 years.
- Departure is pursuant to an Executive Change in Control & General Severance Agreement (filed August 2018).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/927003/000155837022004034/0001558370-22-004034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/927003/000155837022004034/aeis-20220321x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-004034

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