secwatch.observer — SEC 8-K summary
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Issuer:     Acushnet Holdings Corp. (GOLF)
CIK:        0001672013
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001672013-23-000021
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acushnet names Sean Sullivan as EVP and CFO effective June 1, 2023
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- Sean Sullivan appointed EVP and CFO, effective June 1, 2023; he will resign from Board same date.
- Thomas Pacheco resigns as EVP, CFO and CAO effective June 1, 2023; remains in transitional role until Aug 15, 2023.
- Sullivan's base salary set at $675,000; annual cash incentive target 85% of base; annual LTI target $2,000,000.
- One-time new hire RSU grant of $3,500,000 vesting over 2 years; accelerated vesting on termination without cause.
- Sullivan previously CFO of SiriusXM and AMC Networks; has been on Acushnet board since Oct 2016.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1672013/000167201323000021/0001672013-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1672013/000167201323000021/golf-20230403.htm
  HTML page:      https://secwatch.observer/filing/0001672013-23-000021

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