---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006328"
form_type: "8-K"
ticker: "CLMB"
cik: "0000945983"
company_name: "Climb Global Solutions, Inc."
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T23:15:34.712409+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Climb Global Solutions adopts executive severance and change in control plan

## Summary
- Board approved Severance Plan on April 14, 2023, with three tiers of benefits tied to seniority.
- Plan changes equity vesting from single to double trigger upon change in control for all awards.
- CEO Dale Foster designated Tier 1; CFO Andrew Clark, CMO Charles Bass, CIO Vito Legrottaglie designated Tier 2.
- Plan replaces prior severance agreements for named executive officers who signed participation agreements on April 20, 2023.
- Severance includes base salary continuation, COBRA, pro-rated bonus, and equity acceleration based on tier and termination type.

## SEC filing metadata
- accession: 0001558370-23-006328
- form_type: 8-K
- ticker: CLMB
- cik: 0000945983
- company_name: Climb Global Solutions, Inc.
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/945983/000155837023006328/0001558370-23-006328-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/945983/000155837023006328/clmb-20230414x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006328
- JSON: https://secwatch.observer/filing/0001558370-23-006328.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006328.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.