Interface enters severance agreements with 3 execs, amends credit facility to replace LIBOR

INTERFACE INC

Entered into new severance agreements with EVP/Gen Counsel David Foshee, CEO Bruce Hausmann, and division president James Poppens, effective Dec 17, 2021.
Severance benefits include 12-month base salary plus target bonus for involuntary termination; 2x upon change in control.
Fourth Amendment to credit facility replaced LIBOR benchmark for GBP/EUR loans with €STR, EURIBOR, and SONIA plus 0.1193%.
Amendment also sets conforming changes and fallback provisions for future benchmark cessation.

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