{"schema_version":"secwatch.filing_event.v1","accession":"0001616862-22-000045","form_type":"8-K","ticker":"AXTA","cik":"0001616862","company_name":"Axalta Coating Systems Ltd.","filed_at":"2022-11-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.415430+00:00","generated_at":"2026-06-21T17:29:24.036512+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Axalta appoints Chris Villavarayan as CEO effective Jan 1, 2023; Rakesh Sachdev becomes Board Chair","bullets":["Chris Villavarayan appointed CEO and President effective Jan 1, 2023; succeeds Rakesh Sachdev, who steps down as interim CEO.","Rakesh Sachdev appointed non-executive Board Chair; Bill Cook remains director and becomes Compensation Committee Chair.","Villavarayan receives $1M base salary, 125% target annual bonus, and $5.65M LTI target for 2023.","Severance includes 2x base+bonus on non-CIC termination; 3x base+bonus plus accelerated vesting on CIC termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001616862-22-000045","json":"https://secwatch.observer/filing/0001616862-22-000045.json","markdown":"https://secwatch.observer/filing/0001616862-22-000045.md","text":"https://secwatch.observer/filing/0001616862-22-000045.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616862/000161686222000045/0001616862-22-000045-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616862/000161686222000045/axta-20221111.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T17:29:24.036512+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"20ade85b5b","claim":"Chris Villavarayan was appointed as Director at Axalta Coating Systems Ltd..","evidence_excerpt":"appointed Mr. Villavarayan as a director","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616862/000161686222000045/0001616862-22-000045-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"310ba1e198","claim":"Rakesh Sachdev departed as Interim Chief Executive Officer and President at Axalta Coating Systems Ltd..","evidence_excerpt":"Mr. Villavarayan, age 52, succeeds Rakesh Sachdev, who notified the Company on November 11, 2022 that he is stepping down as Interim Chief Executive Officer and President, effective as of immediately prior to the Appointment Time.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616862/000161686222000045/0001616862-22-000045-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepping down"},{"label":"Role","value":"Interim Chief Executive Officer and President"}],"fact_type":"executive_change"},{"claim_id":"fda794cd94","claim":"Chris Villavarayan was appointed as Chief Executive Officer and President at Axalta Coating Systems Ltd..","evidence_excerpt":"appointed Chris Villavarayan as the Company’s Chief Executive Officer and President, effective as of January 1, 2023","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616862/000161686222000045/0001616862-22-000045-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer and President"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}