Kennametal finalizes separation agreement with Franklin Cardenas; $458,889 severance, vesting through Aug 15

KENNAMETAL INC

Cardenas's employment terminates without cause on April 1, 2025; garden leave from Jan 20 to April 1 as VP Special Projects.
Separation pay of $458,889 (1.0x base salary) lump sum paid after 7 months; 12 months health insurance subsidy.
Outstanding RSUs and PSUs continue vesting through August 15, 2025; forfeited thereafter.
Non-compete and non-solicitation covenants run for one year from Termination Date; release of claims included.
Cardenas remains eligible for FY2025 Annual Incentive Plan payment at actual company performance.

item 5.02 item 9.01

Executive movements

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Departed

Franklin Cardenas

Other Named Officer

KMT · KENNAMETAL INC

Filed: February 14, 2025, 6:59 PM ET

Mr. Franklin Cardenas leaving the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.7

Franklin Cardenas departed as other_named_officer at KENNAMETAL INC.

Action: leaving

Exact text from the filing

Mr. Franklin Cardenas leaving the Company.

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KENNAMETAL INC filing history →

Source: SEC EDGAR

accession 0000055242-25-000028

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