secwatch.observer — SEC 8-K summary
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Issuer:     NCS Multistage Holdings, Inc. (NCSM)
CIK:        0001692427
Form:       8-K
Filed at:   2022-10-13T23:59:59+00:00
Accession:  0001692427-22-000032
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NCS Multistage appoints Michael Morrison as CFO; Ryan Hummer becomes CEO effective Nov 1, 2022
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- Michael Morrison named CFO effective Nov 3, 2022; previously EVP/CFO at ION Geophysical.
- Ryan Hummer transitions from CFO to CEO effective Nov 1, 2022.
- Employment agreement provides $325k base salary, 70% target bonus (max 200% of base).
- Morrison receives sign-on RSUs and ESUs totaling $125k, vesting over 3 years.
- Hummer receives equity grants: RSUs/ESUs $675k and PSUs $675k, multi-year vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692427/000169242722000032/0001692427-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692427/000169242722000032/ncsm-20221006x8k.htm
  HTML page:      https://secwatch.observer/filing/0001692427-22-000032

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