The company said its Board of Directors on July 25, 2024 approved the termination of John T. Lucas, Senior Vice President and Chief Human Resources Officer, without cause, effective July 31, 2024.

1. 01

   The company said its Board of Directors on July 25, 2024 approved the termination of John T. Lucas, Senior Vice President and Chief Human Resources Officer, without cause, effective July 31, 2024.

2. 02

   The company said it may pay Lucas continued base salary of $54,166.62 per month for 12 months under the Separation Agreement and a lump sum payment of $400,000. These payments are subject to Lucas signing and not revoking a confirming release of claims.

3. 03

   The company said it may continue Lucas's basic life insurance and basic accidental death and dismemberment coverage through July 31, 2025, and medical, dental and vision coverage through the same date, and may pay him a pro-rated annual bonus for 2024, subject to achievement of performance goals. The company also said it agreed to waive Lucas's obligation to repay his sign-on bonus.

4. 04

   The company announced on July 26, 2024 the appointment of Deborah K. Wintner as Senior Vice President, Chief Human Resources Officer, succeeding Lucas effective on August 1, 2024. Wintner most recently served as Senior Vice President of Human Resource Operations and CHRO, Tools and Outdoor, and will report to President & CEO Donald Allan, Jr.

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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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