Cadre Holdings Announces Material Agreement and Executive Changes
Ticker: CDRE · Form: 8-K · Filed: Jan 27, 2025 · CIK: 1860543
| Field | Detail |
|---|---|
| Company | Cadre Holdings, INC. (CDRE) |
| Form Type | 8-K |
| Filed Date | Jan 27, 2025 |
| Risk Level | medium |
| Pages | 10 |
| Reading Time | 11 min |
| Key Dollar Amounts | $625,000, $525,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, executive-changes, director-changes, corporate-governance
Related Tickers: CDRE
TL;DR
Cadre Holdings (CDRE) inked a big deal & shuffled execs/board on Jan 24. Watch this space.
AI Summary
Cadre Holdings, Inc. announced on January 24, 2025, the entry into a material definitive agreement. The company also reported the departure of directors or certain officers, the election of new directors, and adjustments to compensatory arrangements for certain officers. This filing also includes financial statements and exhibits.
Why It Matters
This 8-K filing signals significant corporate actions, including a new material agreement and changes in leadership, which could impact the company's strategic direction and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements and executive/director changes can introduce uncertainty and potential shifts in strategy, warranting a medium risk assessment.
Key Numbers
- 001-40698 — SEC File Number (Identifies the company's filing history with the SEC.)
- 38-3873146 — IRS Employer Identification Number (Company's tax identification number.)
Key Players & Entities
- Cadre Holdings, Inc. (company) — Registrant
- January 24, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Jacksonville, Florida (location) — Principal executive offices address
FAQ
What is the nature of the material definitive agreement entered into by Cadre Holdings, Inc.?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the excerpt.
Who are the specific officers or directors departing or being elected/appointed?
The filing mentions the departure of directors or certain officers and the election/appointment of others, but the specific names are not detailed in this excerpt.
What are the key details of the compensatory arrangements being adjusted?
The filing notes adjustments to compensatory arrangements for certain officers, but the specifics of these arrangements are not elaborated upon in this section.
What are the primary business activities of Cadre Holdings, Inc. based on its SIC code?
Cadre Holdings, Inc. is classified under SIC code 3842, which pertains to Orthopedic, Prosthetic & Surgical Appliances & Supplies.
When was the Form 8-K filed with the SEC?
The Form 8-K was filed as of January 27, 2025.
Filing Stats: 2,869 words · 11 min read · ~10 pages · Grade level 12.7 · Accepted 2025-01-27 16:16:20
Key Financial Figures
- $625,000 — is entitled to an annual base salary of $625,000, as more particularly provided in the W
- $525,000 — is entitled to an annual base salary of $525,000, as more particularly provided in the B
Filing Documents
- tm254519d1_8k.htm (8-K) — 46KB
- tm254519d1_ex10-1.htm (EX-10.1) — 77KB
- tm254519d1_ex10-2.htm (EX-10.2) — 75KB
- 0001104659-25-006329.txt ( ) — 416KB
- cdre-20250124.xsd (EX-101.SCH) — 3KB
- cdre-20250124_lab.xml (EX-101.LAB) — 33KB
- cdre-20250124_pre.xml (EX-101.PRE) — 22KB
- tm254519d1_8k_htm.xml (XML) — 4KB
01
Item 1.01 Entry into a Material Definitive Agreement. Employment Agreement with Brad Williams On January 24, 2025, Cadre Holdings, Inc. (the "Company") and Mr. Brad Williams entered into an Employment Agreement (the "Williams Employment Agreement"), which provides for Mr. Williams' continued employment as President of the Company, for a term commencing effective as of January 24, 2025 (the "Commencement Date") and terminating on the third anniversary of the Commencement Date, subject to earlier termination as provided therein. Mr. Williams is entitled to an annual base salary of $625,000, as more particularly provided in the Williams Employment Agreement. In addition to any other bonuses that the Company's Board of Directors (the "Board") or the Compensation Committee of the Board may award to Mr. Williams in their sole discretion, Mr. Williams is entitled to receive annual performance bonuses, which may be based upon a variety of qualitative and quantitative factors, of up to 150% of Mr. Williams' annual base salary. Mr. Williams will also be entitled, at the sole and absolute discretion of the Board or the Compensation Committee, to participate in incentive plans of the Company, including but not limited to the Company's 2021 Incentive Plan or such other stock incentive plan as the Company may have in effect from time to time. Such participation and awards shall be based upon, among other things, Mr. Williams' performance and the Company's performance, all as determined by the Compensation Committee of the Board, of up to 150% of the Base Compensation, which will be payable 50% in the form of stock options and 50% in the form of a restricted stock award. The Williams Employment Agreement also contains confidentiality obligations as well as a non- competition covenant and non-interference (relating to the Company's customers), non-solicitation (relating to the Company's employees) and non-disparagement provisions effective during the term of his employment a
02
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers. (e) The disclosures set forth in Item 1.01 of this Report with respect to Mr. Williams and Mr. Browers, respectively, are incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. The following Exhibit is filed herewith as a part of this Report: Exhibit Description 10.1 Employment Agreement, dated as of January 24, 2025, between Cadre Holdings, Inc.and Brad Williams. 10.2 Employment Agreement, dated as of January 24, 2025, between Cadre Holdings, Inc.and Blaine Browers. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 27, 2025 CADRE HOLDINGS, INC. By: /s/ Blaine Browers Name: Blaine Browers Title: Chief Financial Officer