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8-K filings in June 2024, explained

109 material Form 8-K filings that 99 companies we cover made with the SEC in June 2024, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).

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GAPGAP INC Jun 28, 4:54 PM ET

Gap Inc. adopts senior executive severance plan effective July 1, 2024

Neutral shareholder Written later 5.02

Gap Inc.'s board adopted a Senior Executive Severance Plan on June 28, 2024, effective July 1, 2024, covering named executive officers who sign a participation agreement. The plan sets severance terms for terminations without cause, including larger payments if termination occurs within 18 months after a change in control.

  • Plan adopted June 28, 2024, effective July 1, 2024, and expires June 30, 2029 unless ended or extended earlier
  • Non-change-in-control severance: 18 months of salary continuation, a prorated annual bonus, and a 75% COBRA healthcare premium subsidy
  • Change-in-control severance: two times annual base salary plus target bonus, paid in a lump sum, with the same benefits
  • Named executives expected to be covered include Katrina O'Connell, Horacio Barbeito, Chris Blakeslee, and Mark Breitbard
Read the filing on SEC.gov ↗
COHUCOHU INC Jun 28, 4:17 PM ET

Cohu GC Thomas Kampfer Moves to Part-Time Role Effective July 15, 2024

Neutral leadership Written later 5.02

Cohu said its senior vice president of corporate development, general counsel and secretary, Thomas D. Kampfer, will move to a part-time role at 60% time effective July 15, 2024, and will no longer be an executive officer. Legal and corporate secretary duties will pass to Emily R. Lough, who joined the company in October 2023, under the company's succession plan.

  • Thomas D. Kampfer transitions to part-time, reducing his time to 60%, effective July 15, 2024, and reports to CEO Luis A. Müller.
  • Kampfer's annual base salary falls 40%, from $405,000 to $243,000.
  • Emily R. Lough, currently vice president, assistant general counsel and assistant secretary, assumes legal and corporate secretary duties.
  • Kampfer's short-term incentive participation will be pro-rated; other terms, including equity vesting, are unchanged.
Read the filing on SEC.gov ↗
RBCRBC Bearings INC Jun 28, 4:00 PM ET

RBC Bearings amends CEO and COO employment agreements, adds new equity award programs

Neutral leadership Written later 1.015.02

On June 27, 2024, RBC Bearings amended and restated the employment agreements of CEO Dr. Michael J. Hartnett and COO Daniel A. Bergeron, with initial terms expiring March 31, 2026 and automatic annual renewals. The new agreements set Hartnett's base salary at $1,500,000 and Bergeron's at $672,525, and add three annual equity awards tied to adjusted EBITDA, five-year TSR and three-year ROIC, which shareholders may watch as a measure of how pay is linked to performance.

  • Hartnett base salary set at $1,500,000 per year, retroactive to March 31, 2024; Bergeron base salary set at $672,525 per year
  • Initial term of both agreements expires March 31, 2026, with automatic annual renewals unless either party gives 90 days' notice
  • New equity awards based on one-year adjusted EBITDA, five-year TSR versus peer average, and three-year ROIC, with first TSR and ROIC awards in fiscal 2028
Read the filing on SEC.gov ↗
WABCWESTAMERICA BANCORPORATION Jun 28, 12:13 PM ET

Westamerica Bancorporation names Anela Jonas as chief financial officer effective June 27

Neutral leadership Written later 5.02

Westamerica Bancorporation appointed Anela Jonas as Chief Financial Officer effective June 27, 2024, replacing the prior arrangement in which John "Robert" Thorson served in that role. Ms. Jonas has worked in the company's Finance and Administration Division for thirteen years, including as Controller, and the filing states that Mr. Thorson keeps his title of Treasurer and Treasury Division Manager.

  • Anela Jonas appointed Chief Financial Officer effective June 27, 2024
  • Jonas is a California licensed certified public accountant (inactive) with thirteen years in the Finance and Administration Division, including as Controller
  • John "Robert" Thorson retains his responsibilities as Treasurer and Treasury Division Manager, having previously served as CFO from 2005 through 2019 and from March 2023 through June 2024
Read the filing on SEC.gov ↗

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.

Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.