secwatch.observer — SEC 8-K summary
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Issuer:     Amentum Holdings, Inc. (AMTM)
CIK:        0002011286
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0002011286-24-000042
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amentum adopts key-employee severance plan, employment pacts for top execs
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- Executive Chair Demetriou: $1.25M base salary, 100% target bonus, $2.5M annual LTI award; CEO Heller: $1.225M base, 140% target bonus.
- COO Arnette: $750K base salary, 100% target bonus; CFO Johnson: $650K base, 100% target bonus. Each eligible for long-term incentives.
- RSU grants: Heller $1M, Arnette $750K, Johnson $750K; vest in halves at 18-month and 3-year anniversaries.
- Severance multipliers: 1.5x (COO, CFO) for non-CIC; 2x (Exec Chair, CEO) for CIC; plus 12-24 month COBRA/benefits continuation.
- Severance Plan covers involuntary terminations (non-Cause/for Good Reason); excise tax cutback applies under Section 280G/4999.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2011286/000201128624000042/0002011286-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2011286/000201128624000042/amtm-20241106.htm
  HTML page:      https://secwatch.observer/filing/0002011286-24-000042

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