secwatch.observer — SEC 8-K summary
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Issuer:     Latch, Inc. (LTCH)
CIK:        0001826000
Form:       8-K
Filed at:   2026-08-28T20:20:30+00:00
Accession:  0001826000-26-000054
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Latch adopts retention bonuses for CEO, CFO, and CSLO totaling $662.5k
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- CEO David Lillis eligible for $250,000; CFO Jeff Mayfield $225,000; CSLO Priyen Patel $187,500.
- Bonuses vest upon continued employment through December 31, 2027; no acceleration on change of control.
- Pro-rata payment if terminated without cause or resigns for good reason before vesting date.
- Amounts subject to clawback if grounds for cause termination existed; form letter filed as Exhibit 10.1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826000/000182600026000054/0001826000-26-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826000/000182600026000054/tmb-20260824x8k.htm
  HTML page:      https://secwatch.observer/filing/0001826000-26-000054

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