This 8-K from Matthews International (MATW) is about a CEO transition. The company had previously disclosed that Joseph C. Bartolacci planned to retire as president and CEO and leave the board, and on August 11 the board appointed Michael J. Whitehead, 52, to succeed him and join the board, effective August 31. Whitehead, who spent the last several years at Lincoln Electric Holdings, will get a $1 million base salary, a $300,000 one-time transition payment, a relocation package, and incentive awards going forward. The filing cuts off mid-sentence in its definition of 'cause,' so some severance and repayment details aren't visible in this excerpt.
View Full Filing (SEC EDGAR)