The company said Gerald (JJ) Creadon no longer served as Executive Vice President, Operations as of May 18, 2024, and that it entered into a Mutual Separation Agreement and Release on May 24, 2024.

1. 01

   The company said Gerald (JJ) Creadon no longer served as Executive Vice President, Operations as of May 18, 2024, and that it entered into a Mutual Separation Agreement and Release on May 24, 2024.

2. 02

   The company said Creadon will begin garden leave on June 1, 2024, remain available to support the transition of his responsibilities until the Separation Date of March 1, 2025, and that his employment will end on that day.

3. 03

   The company said it will pay Creadon $1,500,000 (before taxes and withholdings) in 6 equal quarterly installments beginning after the Separation Date, and that he will also receive his annual cash incentive bonus under the Short Term Incentive Plan for fiscal 2024.

4. 04

   The company said Creadon will retain his outstanding equity awards and will receive company-subsidized insurance coverage for the lesser of 18 months or until he becomes eligible for other group health coverage, and that non-compete and other restrictive provisions apply for 2 years after the Separation Date, with cash payments subject to clawback if he violates them.

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Original filing

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