secwatch.observer — SEC 8-K summary
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Issuer:     WATTS WATER TECHNOLOGIES INC (WTS)
CIK:        0000795403
Form:       8-K
Filed at:   2022-07-19T23:59:59+00:00
Accession:  0001558370-22-010819
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Watts Water appoints Andre Dhawan as COO; Munish Nanda to retire by May 2023
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- Andre Dhawan appointed COO effective Aug 15, 2022; previously President at Gilbarco Veeder-Root.
- Munish Nanda steps down as President, Americas & Europe on Aug 15, will advise until retirement in May 2023.
- Dhawan's base salary $550,000, target bonus 65% of salary, plus $175,000 cash sign-on bonus.
- Deferred stock award of $1,050,000 vests in tranches: 15% Dec 30, 2022; 40% Feb 28, 2023; 30% Feb 28, 2024; 15% Feb 28, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795403/000155837022010819/0001558370-22-010819-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795403/000155837022010819/wts-20220719x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-010819

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