Latch CFO Barry Schaeffer resigns; gets $403,200 severance plus consulting

Latch, Inc.

Resignation as Interim CFO and Treasurer effective January 11, 2023.
Separation Agreement provides $403,200 severance, paid semi-monthly over up to 18 months.
Three-month consulting agreement for transition services beginning January 27, 2023.
Executive releases all claims except vested equity, benefits, and indemnification; equity vesting ceases at separation.

item 5.02 item 9.01

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Departed (interim)

Barry Schaeffer

Interim Chief Financial Officer and Treasurer

LTCH · Latch, Inc.

Effective: 2023-01-11
Filed: February 2, 2023, 6:59 PM ET

Barry Schaeffer, Interim Chief Financial Officer (“CFO”) and Treasurer of Latch, Inc. (collectively with its subsidiaries, the “Company”), resigned as the Company’s Interim CFO and Treasurer, effective as of January 11, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Barry Schaeffer resigned as Interim Chief Financial Officer and Treasurer at Latch, Inc..

Action: resigned
Role: Interim Chief Financial Officer and Treasurer

Exact text from the filing

Barry Schaeffer, Interim Chief Financial Officer (“CFO”) and Treasurer of Latch, Inc. (collectively with its subsidiaries, the “Company”), resigned as the Company’s Interim CFO and Treasurer, effective as of January 11, 2023.

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Latch, Inc. filing history →

Source: SEC EDGAR

accession 0001826000-23-000019

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