secwatch.observer — SEC 8-K summary
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Issuer:     Life Time Group Holdings, Inc. (LTH)
CIK:        0001869198
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0001869198-23-000044
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Life Time President & COO Jeff Zwiefel to retire Dec 31, 2023; will continue as consultant
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- Jeff Zwiefel will retire after 25 years, staying as President and COO through Dec 31, 2023 at current pay.
- Consulting agreement: minimum 1,000 hours over 2 years at $400/hour; equity awards continue vesting.
- He will receive 18 months of health insurance, club membership through March 2027, and up to $50k for coaching.
- Annual incentive for 2023 based on actual results; severance benefits contingent on release and restrictive covenants.
- Company will determine how to handle his responsibilities before his retirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869198/000186919823000044/0001869198-23-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869198/000186919823000044/lth-20230606.htm
  HTML page:      https://secwatch.observer/filing/0001869198-23-000044

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