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

Issuer:     Claritev Corp (CTEV)
CIK:        0001793229
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0001793229-25-000061
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Claritev amends CEO/CFO employment agreements, enhances severance and equity awards
--------------------------------------------------------------------------------

- CEO Travis Dalton gets 2x base salary plus target bonus severance on termination after change in control; CFO gets 1.5x.
- Four other executives (Hogge, Kim, Misencik, Nutter) receive severance letters with 0.5x to 1.5x multiples.
- CEO's 2025 annual equity: $2.67M time-based RSUs (4-yr vest) and $8M cash-settled RSUs (2-yr vest) with 4x cap.
- Cash-settled RSUs include potential excess payment if change in control within 5 years after grant.
- Enhanced vesting provisions for death, disability, termination without cause, or change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1793229/000179322925000061/0001793229-25-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1793229/000179322925000061/ctev-20250305.htm
  HTML page:      https://secwatch.observer/filing/0001793229-25-000061

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