The company said Keith J. Allman will retire as President and Chief Executive Officer on July 6, 2025, and the Board has elected Jonathon J. Nudi (54) to succeed him effective July 7, 2025.

1. 01

   The company said Keith J. Allman will retire as President and Chief Executive Officer on July 6, 2025, and the Board has elected Jonathon J. Nudi (54) to succeed him effective July 7, 2025.

2. 02

   Masco said Nudi has served as Group President of General Mills' Pet, International and North America Foodservice since January 2024, spent 30 years at General Mills, and has been a Class I director since June 2023.

3. 03

   Masco said Nudi's annual base salary is $1,100,000, with a target annual cash bonus of 150% of base salary, and annual RSU and stock option awards each valued at 159% of base salary. His first stock option grant will be made on the effective date and is valued at $1,120,000.

4. 04

   The company said it will grant Nudi RSUs valued at $1,120,000 and a one-time relocation bonus of $350,000. It also said it entered into a retention incentive agreement with Jai Shah on March 5, 2025 covering RSUs valued at $1,500,000.

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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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