{"schema_version":"secwatch.filing_event.v1","accession":"0001852131-24-000029","form_type":"8-K","ticker":"NXT","cik":"0001852131","company_name":"Nextpower Inc.","filed_at":"2024-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.060930+00:00","generated_at":"2026-05-29T19:56:23.933962+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Nextracker adopts executive severance plans with enhanced CEO benefits","bullets":["CEO gets 2x (base salary + target bonus) cash severance; other EVP+ executives get 1x.","Equity acceleration: CEO’s service-based awards vest for 18 months post-termination, others 12 months.","Performance-based awards vest at target; pro-rata service acceleration for non-CIC severance.","Change-in-control plan: all executives receive 2x (salary + higher of target/actual bonus), full equity acceleration, 2 years COBRA.","Outplacement up to $20,000 for CEO, $15,000 for others; benefits conditional on release and restrictive covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0001852131-24-000029","json":"https://secwatch.observer/filing/0001852131-24-000029.json","markdown":"https://secwatch.observer/filing/0001852131-24-000029.md","text":"https://secwatch.observer/filing/0001852131-24-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1852131/000185213124000029/0001852131-24-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1852131/000185213124000029/nxt-20241119.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T19:56:23.933962+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}