---
schema_version: "secwatch.filing_event.v1"
accession: "0001826000-22-000119"
form_type: "8-K"
ticker: "LTCH"
cik: "0001826000"
company_name: "Latch, Inc."
filed_at: "2022-12-05T23:59:59+00:00"
generated_at: "2026-06-21T09:45:47.630235+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Latch enters severance agreement with Interim CFO Barry Schaeffer

## Summary
- Agreement effective Dec 2, 2022, one-year term; provides severance if terminated without cause during term.
- Without-cause severance: cash equal to one-half base salary plus annualized CFO bonus (approx. $448K currently).
- Change-in-control termination: cash equal to 1x (base salary + CFO bonus + annual target bonus), 12 months COBRA, and 50% equity acceleration.
- Receipt of benefits requires signing a release and compliance with restrictive covenants.

## SEC filing metadata
- accession: 0001826000-22-000119
- form_type: 8-K
- ticker: LTCH
- cik: 0001826000
- company_name: Latch, Inc.
- filed_at: 2022-12-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826000/000182600022000119/0001826000-22-000119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826000/000182600022000119/lat-20221202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001826000-22-000119
- JSON: https://secwatch.observer/filing/0001826000-22-000119.json
- Plain text: https://secwatch.observer/filing/0001826000-22-000119.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.