secwatch.observer — SEC 8-K summary
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Issuer:     Latch, Inc. (LTCH)
CIK:        0001826000
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001826000-23-000019
Event type: leadership
Sentiment:  negative
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826000/000182600023000019/0001826000-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826000/000182600023000019/lat-20230127.htm
  HTML page:      https://secwatch.observer/filing/0001826000-23-000019

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