---
schema_version: "secwatch.filing_event.v1"
accession: "0001826000-24-000038"
form_type: "8-K"
ticker: "LTCH"
cik: "0001826000"
company_name: "Latch, Inc."
filed_at: "2024-08-13T23:59:59+00:00"
generated_at: "2026-05-31T09:48:06.431937+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Latch extends cash comp for leadership, appoints Jason Mitura CPO, launches stock-price-linked equity plan

## Summary
- Jason Mitura appointed CPO effective Aug 16, 2024; previously CPO at Ring, base salary $350,000.
- Cash comp program extended: Siminoff $1,550,000/yr, Lillis $475,000/yr, Mitura $650,000/yr until exchange listing or Board termination.
- Performance equity program grants options (exercise price $0.41) and PSUs vesting at stock price hurdles $4-$6 and $1-$3 within 7 years.
- Siminoff receives 8M performance options, Mitura 7.5M, Lillis 3M; options earned in three tranches at $4, $5, $6 share prices.
- Employment agreement with Mitura includes 12-month salary severance if terminated without cause or for good reason, plus 12-month non-compete.

## SEC filing metadata
- accession: 0001826000-24-000038
- form_type: 8-K
- ticker: LTCH
- cik: 0001826000
- company_name: Latch, Inc.
- filed_at: 2024-08-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826000/000182600024000038/0001826000-24-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826000/000182600024000038/lat-20240811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001826000-24-000038
- JSON: https://secwatch.observer/filing/0001826000-24-000038.json
- Plain text: https://secwatch.observer/filing/0001826000-24-000038.txt

## Key facts
- Executive change
  Jason Mitura was appointed as Chief Product Officer at Latch, Inc..
  - Action: appointed
  - Role: Chief Product Officer
  source text: On the Effective Date, the Board also appointed Jason Mitura as the Company’s Chief Product Officer beginning August 16, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826000/000182600024000038/0001826000-24-000038-index.htm

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