secwatch.observer — SEC 8-K summary
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Issuer:     Perimeter Solutions, Inc. (PRM)
CIK:        0001880319
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001880319-23-000084
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perimeter Solutions amends stock option performance targets and revises 2023 annual incentive program
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- AOP growth targets adjusted from 13.5%/23.5% to 10%/20% minimum/maximum; cumulative vesting provision added.
- Alternative vesting triggered if stock price exceeds 2x exercise price for 60 days in 12-month period starting third year.
- 2023 Annual Incentive: 75% based on EBITDA, 25% individual; Fire Safety segment EBITDA target may be adjusted for fire season severity.
- Option exercise price and share count unchanged; changes effective May 8, 2023, approved by Board and Compensation Committee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880319/000188031923000084/0001880319-23-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880319/000188031923000084/prm-20230508.htm
  HTML page:      https://secwatch.observer/filing/0001880319-23-000084

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