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

Issuer:     CBIZ, Inc. (CBZ)
CIK:        0000944148
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001628280-24-049666
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CBIZ names Brad Lakhia as next CFO, succeeding retiring Ware Grove effective March 17, 2025
--------------------------------------------------------------------------------

- Brad Lakhia appointed SVP & CFO effective March 17, 2025; Ware Grove retiring after 24 years.
- Lakhia base salary $625,000, target STI 80%, initial equity grant $1.7M plus $2M transition RSUs.
- Michael Mangan promoted to Chief Accounting Officer upon Grove's retirement.
- Lakhia was EVP & CFO of OPENLANE (KAR); previously VP Finance at Goodyear (GT).
- Transition planned; Lakhia to join from OPENLANE by March 1, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944148/000162828024049666/0001628280-24-049666-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944148/000162828024049666/cbz-20241127.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-049666

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