The company said on July 17, 2024 that Christian Rothe has been named senior vice president and chief financial officer, effective August 19, 2024. Rothe succeeds Nicholas Gangestad, who has served in the role since March 2021.

1. 01

   The company said on July 17, 2024 that Christian Rothe has been named senior vice president and chief financial officer, effective August 19, 2024. Rothe succeeds Nicholas Gangestad, who has served in the role since March 2021.

2. 02

   The company said Rothe, 50, currently serves as president of the Global Industrial Division at Graco Inc. He joined Graco in 2011 and served as chief financial officer and treasurer from September 2015 to June 2018.

3. 03

   The company said it approved an annual salary of $800,000 for Rothe and a target annual incentive of 100% of his salary. On August 19, 2024, he will receive stock options and restricted stock units, each awarded in a number determined by dividing $1,000,000 by the closing stock price. Sign-on cash will be paid in two installments of $500,000 and $250,000.

4. 04

   The company said a change of control agreement to be entered into on August 19, 2024 will take effect if a change of control occurs on or after August 19, 2024 and before October 1, 2025. The company also approved a letter agreement on compensation reimbursement in the event of financial statement restatements.

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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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