Item 5.02 officer departure
The 8-K item for disclosing director/officer changes — appointments, resignations, terminations.
Definition
Item 5.02 covers the departure or appointment of directors, the principal executive officer, principal financial officer, principal accounting officer, principal operating officer, or any person performing similar functions. It also covers material amendments to compensatory arrangements.
Surprise CFO or CEO departures filed under Item 5.02 are watched carefully by short sellers and activist investors. Like 1.05, departures are sometimes buried under Item 8.01 — body-text scanning catches them.
Related terms
Try it on your stack
Get an API key in 2 minutes. Self-serve via Stripe, cancel anytime.
View pricing → Read API docs