secwatch.observer — SEC 8-K summary
======================================

Issuer:     FMC CORP (FMC)
CIK:        0000037785
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0000037785-24-000125
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FMC adopts new executive severance plan with 2x-3x multiples for CEO; 7 named officers
--------------------------------------------------------------------------------

- Plan covers CEO Brondeau (non-CIC multiple 2, CIC multiple 3), CFO Sandifer, President Pereira, and four other EVPs.
- Non-CIC severance: cash = multiple × (base + target bonus) + prorated bonus + $20,000 + healthcare subsidy.
- CIC severance (two-year post-change window): same benefits with higher CIC multiple; Sandifer retains existing CIC agreement.
- Participants must terminate prior severance agreements and sign release with non-competition/non-solicitation covenants.
- Plan effective December 11, 2024; Compensation Committee approved multiples on that date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37785/000003778524000125/0000037785-24-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37785/000003778524000125/fmc-20241211.htm
  HTML page:      https://secwatch.observer/filing/0000037785-24-000125

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer