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

Issuer:     CBIZ, Inc. (CBZ)
CIK:        0000944148
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0001628280-25-006421
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CBIZ raises executive pay after Marcum acquisition; PSU max payout increased to 300%
--------------------------------------------------------------------------------

- Grisko base $1M, LTI $5.2M; Spurio base $875k, LTI $1.8M; Kouzelos base $600k, LTI $1.22M.
- EIP targets unchanged as % of base salary (Grisko 117%, Spurio/Kouzelos 80%).
- PSU maximum payout raised from 200% to 300% of target to incentivize Marcum integration.
- Committee says total comp remains below market median but adjusted for post-acquisition scale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944148/000162828025006421/0001628280-25-006421-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944148/000162828025006421/cbz-20250212.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-006421

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