GATX enters employment agreement with EVP Tezel transitioning to Strategic Advisor through June 2023

GATX CORP

Tezel transitions from President - Rail International to Strategic Advisor effective Oct 1, 2022 through June 30, 2023.
Separation benefits include base salary continuation for up to 12 months, lump sum of $283,680, and possible additional $225,000.
Non-compete bars Tezel from working with Trinity Industries or Greenbrier Leasing for one year post-separation.
CoC Agreement terminates if no change of control by Sept 30, 2022; otherwise benefits under that agreement may apply.
Outplacement services through Robertson Lowstuter provided; equity awards continue vesting during term.

item 5.02 item 9.01

Executive movements

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Role change

N. Gokce Tezel

Executive Vice President, President - Rail International

GATX · GATX CORP

Effective: 2022-10-01
Filed: August 12, 2022, 7:59 PM ET

As previously reported on June 30, 2022, effective October 1, 2022, N. Gokce Tezel, Executive Vice President of GATX Corporation (the “Company” or “GATX”) and President - Rail International, will become a Strategic Advisor to GATX Chief Executive Officer Robert C. Lyons and other senior leaders of GATX through June 30, 2023 or Mr. Tezel’s earlier voluntary resignation (the “Term”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

N. Gokce Tezel changed role as Executive Vice President, President - Rail International at GATX CORP.

Action: will become Strategic Advisor
Role: Executive Vice President, President - Rail International

Exact text from the filing

As previously reported on June 30, 2022, effective October 1, 2022, N. Gokce Tezel, Executive Vice President of GATX Corporation (the “Company” or “GATX”) and President - Rail International, will become a Strategic Advisor to GATX Chief Executive Officer Robert C. Lyons and other senior leaders of GATX through June 30, 2023 or Mr. Tezel’s earlier voluntary resignation (the “Term”).

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Source: SEC EDGAR

accession 0000040211-22-000097

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