secwatch.observer — SEC 8-K summary
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Issuer:     DigitalBridge Group, Inc. (DBRG)
CIK:        0001679688
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0001679688-22-000125
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DigitalBridge enters amended employment agreement with CFO Jacky Wu; term to end Dec 31, 2023
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- Employment term expires Dec 31, 2023; may extend with Wu's consent if successor not found.
- Severance on expiration: $3.1M lump sum, 2023 target bonus, LTIP issuance, full vesting of equity and fund incentives.
- Wu will lead search for successor CFO and provide at least 3-month transition period.
- Board may accelerate expiration to date earlier than Dec 31, 2023; Wu then receives modified severance.
- Wu's non-compete and non-solicitation obligations continue for 1 year after departure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679688/000167968822000125/0001679688-22-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679688/000167968822000125/dbrg-20220927.htm
  HTML page:      https://secwatch.observer/filing/0001679688-22-000125

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