Flash FinanceUS
Pre-market S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · New York Times (NYT)

New York Times adopts executive severance plan and amends CEO employment agreement

Neutral Impact 3 of 5 leadership Written later

The New York Times Company adopted an Executive Severance Plan on January 15, 2026, setting standardized severance terms for executives, and amended CEO Meredith Kopit Levien's employment agreement the same day. The amendment adds enhanced change-in-control severance for the CEO and extends her post-employment non-solicitation covenant from 15 to 18 months, which shareholders may view as a change in how executive exits would be paid if control of the company changed.

Key points

  • Severance Plan adopted January 15, 2026; CEO Meredith Kopit Levien is not eligible and remains under her July 21, 2020 employment agreement
  • Non-change-in-control cash severance for Executive Committee members is 52 weeks of base pay; other Section 16 Officers receive one week per six months of service, between 26 and 52 weeks
  • Under the amendment, a CEO termination without Cause or for Good Reason within 12 months after a Change in Control triggers two times base salary, 24 months of COBRA premium payments, and two times target annual bonus

The filing

CompanyNew York Times (NYT)
Form8-K, current report
Filed with the SECJan 21, 2026, 4:18 PM ET
Accession number0000071691-26-000003

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 21, 2026.

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.