secwatch.observer — SEC 8-K summary
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Issuer:     CROSS COUNTRY HEALTHCARE INC (CCRN)
CIK:        0001141103
Form:       8-K/A
Filed at:   2026-01-02T23:59:59+00:00
Accession:  0001628280-26-000149
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cross Country Healthcare discloses CEO Kevin Clark's employment terms: $950K salary, bonus, equity
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- Base salary $950K; 2026 target bonus 100% of base (max 180%), rising to 125% target from 2027.
- Long-term equity: 275% of base for 2025, 300% for 2026, 325% for 2027 and 2028.
- Severance on termination without cause/good reason: 24 months base salary plus 2x average bonus, plus COBRA.
- Initial 3-year term through Dec 14, 2028, with automatic one-year renewals unless 90-day non-renewal notice.
- Non-compete and non-solicitation covenants apply for 2 years post-employment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141103/000162828026000149/0001628280-26-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141103/000162828026000149/ccrn-20251215.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-000149

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