secwatch.observer — SEC 8-K summary
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Issuer:     Latch, Inc. (LTCH)
CIK:        0001826000
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0001826000-24-000056
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jamie Siminoff to step down as Latch CSO, transition to advisor; company repurchases 15.3M shares for $775
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- Jamie Siminoff steps down as Chief Strategy Officer effective Dec 31, 2024, will serve as advisor ('Doorman') through Dec 2026.
- Latch repurchases 15,260,540 shares from Siminoff for $775.24 ($0.00005/share), 80% of his consideration shares from HDW acquisition.
- Remaining 3.8M shares subject to tiered price-based release: 20% each at $1, $2, $3, $4, $5 average stock price thresholds.
- Company highlights St. Louis HQ, new leadership (David Lillis, Chris Peckham), and product launches including DOOR app and hardware.
- Latch to rebrand as DOOR; Siminoff will continue in advisory capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826000/000182600024000056/0001826000-24-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826000/000182600024000056/lat-20241118.htm
  HTML page:      https://secwatch.observer/filing/0001826000-24-000056

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