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

Issuer:     WATTS WATER TECHNOLOGIES INC (WTS)
CIK:        0000795403
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0001558370-22-014779
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Watts Water reduces Munish Nanda's salary ahead of planned retirement in May 2023
--------------------------------------------------------------------------------

- Mr. Nanda stepped down as President of Americas & Europe on Aug 15; continues in transition role.
- Effective Oct 1, 2022: annual salary cut from $548,500 to $274,250; target bonus halved to 32.5%.
- Starting Jan 1, 2023: salary drops to $10,000/month; no bonus, no auto allowance; financial planning allowance limited to 2022.
- Planned retirement from Watts Water in May 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795403/000155837022014779/0001558370-22-014779-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795403/000155837022014779/wts-20221001x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014779

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