The company said Franz W. Cerwinka will cease to serve as Senior Vice President and President, Applied Water and Xylem Business Transformation effective October 21, 2024, and will remain employed as an advisor until March 31, 2025.

1. 01

   The company said Franz W. Cerwinka will cease to serve as Senior Vice President and President, Applied Water and Xylem Business Transformation effective October 21, 2024, and will remain employed as an advisor until March 31, 2025.

2. 02

   Under the Transition Services Agreement, Xylem said Cerwinka will keep receiving his base salary at an annual rate of $570,630 during the transition period and will continue to participate in employee benefit plans. The company also said his outstanding equity awards may continue to vest through the Termination Date.

3. 03

   Xylem said Cerwinka will be eligible for a 2024 annual incentive plan payout based on company actual performance and his individual performance for fiscal year 2024, and that his involuntary termination without cause by the company is scheduled for on or about March 31, 2025.

4. 04

   Xylem said in a press release on October 15, 2024 that it named Meredith Emmerich Senior Vice President and President, Applied Water, effective October 21, and that she reports to President and Chief Executive Officer Matthew Pine.

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

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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