secwatch.observer — SEC 8-K summary
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Issuer:     Hagerty, Inc. (HGTY)
CIK:        0001840776
Form:       8-K
Filed at:   2022-08-23T23:59:59+00:00
Accession:  0001840776-22-000124
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hagerty appoints Patrick McClymont as CFO; longtime CFO Fred Turcotte to retire and stay as advisor through 2023
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- Fred Turcotte transitions to special projects advisor effective Sept 6, 2022; will remain through 2023 to ensure smooth handoff.
- New CFO Patrick McClymont starts Sept 6, 2022; previously CFO of Orchard Technologies, IMAX Corp, and Sotheby's.
- McClymont compensation: $575,000 base salary, eligibility for annual bonus up to 200% of base, and equity target of 175% of base.
- One-time cash sign-on of $100,000 and a $500,000 restricted stock unit grant (3-year vest) to be awarded in October 2022.
- Turcotte delayed retirement to help Hagerty through its business combination and establish public company reporting functions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840776/000184077622000124/0001840776-22-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840776/000184077622000124/hgty-20220823.htm
  HTML page:      https://secwatch.observer/filing/0001840776-22-000124

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