secwatch.observer — SEC 8-K summary
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Issuer:     AZZ INC (AZZ)
CIK:        0000008947
Form:       8-K
Filed at:   2024-07-19T23:59:59+00:00
Accession:  0000008947-24-000193
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AZZ enters employment agreement with Metal Coatings President Bryan Stovall, including $1.5M equity award
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- Employment agreement effective July 15, 2024 for Bryan Stovall, President and COO of Metal Coatings segment.
- Stovall receives $425,000 cash retention bonus and $1.5M special one-time RSU award vesting 50% on May 31, 2025 and 50% on May 31, 2026.
- FY2025 base salary set at $472,427; annual STI target 80% of base; annual LTI target 100% of base.
- Agreement includes two-year initial term with automatic one-year renewals, severance provisions per Executive Severance Plan, and 12-month non-compete/solicitation covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8947/000000894724000193/0000008947-24-000193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8947/000000894724000193/azz-20240715.htm
  HTML page:      https://secwatch.observer/filing/0000008947-24-000193

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