secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2025-03-11T23:59:59+00:00
Accession:  0001558370-25-002609
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Appoints Craig Nichols as SVP Operations & Supply Chain, base $415K, LTI $500K
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- Appointment effective March 10, 2025; Nichols reports to CEO Jag Reddy and leads operations and supply chain.
- Base salary $415,000; target annual bonus 60% of base (prorated); LTI grant target value $500,000 per year.
- Sign-on bonus $150,000 subject to clawback if Nichols voluntarily leaves or is terminated for cause before March 10, 2027.
- Previously VP Drive System Operations at Dana Inc.; over 30 years of global manufacturing and operations experience.
- Severance agreement provides lump sum of 1x base + target bonus (non-CIC); change-in-control agreement provides 2x base + bonus post-CIC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000155837025002609/0001558370-25-002609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000155837025002609/tmb-20250310x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-002609

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