secwatch.observer — SEC 8-K summary
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Issuer:     Consolidated Water Co. Ltd. (CWCO)
CIK:        0000928340
Form:       8-K
Filed at:   2022-09-13T23:59:59+00:00
Accession:  0001558370-22-014384
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CWCO amends EVP/COO Jerrybandan's contract; salary to $389,630, 2x severance on change of control
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- Base salary set at $389,630 per annum, payable semi-monthly.
- New termination provisions for death, bankruptcy, felony, or material harm after 10-day notice.
- Change-of-control severance: within one year post-change, receives 2x base salary plus accrued compensation.
- CEO determines annual extension by Aug 31; if not extended, severance = base salary for that year or Labour Act minimum, whichever greater.
- Amendment effective Sept 9, 2022; all other original agreement terms unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928340/000155837022014384/0001558370-22-014384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928340/000155837022014384/cwco-20220909x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014384

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