secwatch.observer — SEC 8-K summary
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Issuer:     WATTS WATER TECHNOLOGIES INC (WTS)
CIK:        0000795403
Form:       8-K
Filed at:   2022-03-25T23:59:59+00:00
Accession:  0001558370-22-004391
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

President of Americas and Europe Munish Nanda to retire May 30, 2023; enters retention agreement
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- Nanda will continue employment to assist in successor search and transition of duties until May 30, 2023.
- After transition, he will provide advisory services with reduced compensation at CEO's discretion.
- If terminated without cause before retirement, unvested equity awards will continue vesting on normal schedule until May 30, 2023.
- One-year non-competition and non-solicitation covenants apply after retirement date.
- No additional equity grants will be issued before retirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795403/000155837022004391/0001558370-22-004391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795403/000155837022004391/wts-20220323x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-004391

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