Latham Group Director Departs; Officer Compensation Details

TL;DR

Latham Group director Mark Davis is out, exec pay details filed.

AI Summary

Latham Group, Inc. announced on December 5, 2025, the departure of director Mark A. R. Davis. The company also reported on compensatory arrangements for certain officers and provided financial statements and exhibits. This filing was made on December 8, 2025.

Why It Matters

The departure of a director can signal changes in company strategy or governance, while details on officer compensation provide insight into executive incentives.

Risk Assessment

Risk Level: low — This filing primarily concerns director departure and routine disclosures, with no immediate financial distress or significant strategic shifts indicated.

Key Players & Entities

• Latham Group, Inc. (company) — Registrant
• Mark A. R. Davis (person) — Departing Director
• December 5, 2025 (date) — Date of earliest event reported
• December 8, 2025 (date) — Filing date

FAQ

Key Financial Figures

• $0.0001 — ch registered Common stock, par value $0.0001 per share SWIM The Nasdaq Stock Mar
• $750,000 — h in the Gadd Offer Letter includes: A $750,000 annual base salary. Eligibility for a
• $2.75 million — quity award with a total grant value of $2.75 million in the form of stock appreciation right
• $2 million — ard, with a total target grant value of $2 million to $3 million to be determined by the C
• $3 million — tal target grant value of $2 million to $3 million to be determined by the Compensation Co
• $50,000 — or housing in the Albany, NY area up to $50,000 plus reasonable utility costs, an allow
• $15,000 — e for financial planning expenses up to $15,000, and other perquisites generally consis
• $50,000, b — on, a one-time relocation package up to $50,000, but without a tax gross-up. The relocatio
• $41,667 — ment, Mr. Rajeski will receive a fee of $41,667 per month. Mr. Rajeski will not be elig

Filing Documents

• tm2532973d1_8k.htm (8-K) — 45KB
• tm2532973d1_ex10-1.htm (EX-10.1) — 35KB
• tm2532973d1_ex10-2.htm (EX-10.2) — 63KB
• tm2532973d1_ex99.htm (EX-99) — 16KB
• tm2532973d1_ex10-1img001.jpg (GRAPHIC) — 4KB
• image_001.jpg (GRAPHIC) — 2KB
• 0001104659-25-119317.txt ( ) — 367KB
• swim-20251205.xsd (EX-101.SCH) — 3KB
• swim-20251205_lab.xml (EX-101.LAB) — 33KB
• swim-20251205_pre.xml (EX-101.PRE) — 22KB
• tm2532973d1_8k_htm.xml (XML) — 4KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Latham Group, Inc. (the "Company") and its wholly owned subsidiary, Latham Pool Products, Inc. ("Latham Pool"), are implementing a planned transition process for the office of President and Chief Executive Officer. On December 8, 2025, the Company announced that Scott Rajeski, Latham Pool's President and Chief Executive Officer, will retire from the Company and its subsidiaries and affiliates and will resign as a Class II director on the Company's Board of Directors (the "Board"), in each case effective January 4, 2026 (the "Rajeski Retirement Date"), and that Sean Gadd has been hired as the successor President and Chief Executive Officer of Latham Pool, and has been appointed by the Board as a Class II director of the Company, in each case effective January 5, 2026 (the "Gadd Start Date"). The Company expects that Mr. Rajeski will remain in his current roles with the Company until the Rajeski Retirement Date. Mr. Rajeski has agreed to serve in a non-employee consulting role as a special advisor to Mr. Gadd and the Company for approximately six months to assist in the orderly transition of his responsibilities to Mr. Gadd. Mr. Rajeski's retirement as an employee and officer and resignation as a director was not the result of any disagreement on any matter relating to the Company's operations, policies or practices. Hiring of President and Chief Executive Officer; Appointment of Director – Mr. Gadd Mr. Gadd, age 52, has been employed by James Hardie Building Products, Inc., a subsidiary of James Hardie Industries plc (NYSE/ASX: JHX), in the United States and Australia for the last 21 years, ascending through engineering, manufacturing and commercial leadership roles. He most recently served as President of North America since 2022, where he has had full P&L responsibility. Prior to such role, Mr. Gadd serve

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1* Offer Letter by and between Latham Pool Products, Inc. and Sean Gadd, dated December 5, 2025 10.2* Separation and Consulting Agreement by and between Latham Group, Inc. and Scott Rajeski, dated December 5, 2025 99 Press release of the Company, dated December 8, 2025, regarding executive and director matters 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Indicates management contract or compensatory plan or arrangement.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 8, 2025 LATHAM GROUP, INC. By: /s/ Scott M. Rajeski Name: Scott M. Rajeski Title: Chief Executive Officer and President

View Full Filing

View this 8-K filing on SEC EDGAR