secwatch.observer — SEC 8-K summary
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Issuer:     Latch, Inc. (LTCH)
CIK:        0001826000
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001826000-25-000005
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Latch appoints David Lillis CEO, Jeff Mayfield CFO; interim leaders step down as restatement ends
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- David Lillis named CEO (base $500k, target bonus 50%, cash program $300k/yr); previously SVP Finance.
- Jeff Mayfield named CFO (base $300k, target 50%, cash program $200k/yr); previously Controller.
- Priyen Patel expands to Chief Strategy & Legal Officer (base $375k, target 50%, cash program $300k/yr).
- Interim CEO Jason Keyes and interim CFO Marc Landy resign as planned after completing financial restatement in Dec 2024.
- Company expects to file overdue 2023 annual report in Q1 2025; stock to trade under ticker DOOR.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826000/000182600025000005/0001826000-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826000/000182600025000005/lat-20250204.htm
  HTML page:      https://secwatch.observer/filing/0001826000-25-000005

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