AI English summary of an SEC filing — figures as filed

The company said the Board of Directors elected Christopher D. Bohn, currently executive vice president and chief operating officer, to succeed W. Anthony Will as president and chief executive officer, effective as of January 4, 2026, on September 6, 2025.

8-K/ADeparture or Appointment of Directors or Certain Officers (amended)Amended filingFiled Dec 19, 2025Period of report Sep 5, 2025Summary published (UTC) Oct 12, 2026

Key points

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The company said the Board of Directors elected Christopher D. Bohn, currently executive vice president and chief operating officer, to succeed W. Anthony Will as president and chief executive officer, effective as of January 4, 2026, on September 6, 2025.
The company said the Compensation and Management Development Committee approved compensation arrangements for Bohn's new role on December 16, 2025. Beginning January 1, 2026, his annual base salary will be increased to $1,100,000 and his target annual incentive award under the short-term incentive program will be increased to 135% of his base salary.
The company said Bohn's 2026 target total grant value of his long-term incentive award is $7,500,000, comprised of performance restricted stock units representing 60% and restricted stock units representing 40%. The dollar-denominated amount will be translated into an actual number of units at a Committee meeting in early January, using the unweighted average of the New York Stock Exchange closing price for the 20 trading days preceding such date.
The company said that under an amendment to the Change in Control Severance Agreement effective as of January 4, 2026, in the event of certain qualifying terminations of employment, a lump sum payment would increase from two times to three times the sum of base salary and target annual incentive, and the period for continuation of welfare benefits and pension contributions would increase from 2 years to 3 years.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Christopher D. Bohn Succeeds as President and Chief Executive Officer, Effective January 4, 2026

The company said the Board of Directors elected Christopher D. Bohn, currently executive vice president and chief operating officer, to succeed W. Anthony Will as president and chief executive officer, effective as of January 4, 2026, on September 6, 2025.

Source · Based on the filing body and exhibits

Bohn's 2026 Base Salary $1,100,000 and Target Annual Incentive 135%

The company said the Compensation and Management Development Committee approved compensation arrangements for Bohn's new role on December 16, 2025. Beginning January 1, 2026, his annual base salary will be increased to $1,100,000 and his target annual incentive award under the short-term incentive program will be increased to 135% of his base salary.

Source · Based on the filing body and exhibits

2026 Long-Term Incentive Target Total Grant Value $7,500,000

The company said Bohn's 2026 target total grant value of his long-term incentive award is $7,500,000, comprised of performance restricted stock units representing 60% and restricted stock units representing 40%. The dollar-denominated amount will be translated into an actual number of units at a Committee meeting in early January, using the unweighted average of the New York Stock Exchange closing price for the 20 trading days preceding such date.

Source · Based on the filing body and exhibits

Change in Control Severance Agreement Amendment: Increased Payment Multiples and Benefit Periods

The company said that under an amendment to the Change in Control Severance Agreement effective as of January 4, 2026, in the event of certain qualifying terminations of employment, a lump sum payment would increase from two times to three times the sum of base salary and target annual incentive, and the period for continuation of welfare benefits and pension contributions would increase from 2 years to 3 years.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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