---
schema_version: "secwatch.filing_event.v1"
accession: "0000715787-21-000048"
form_type: "8-K"
ticker: "TILE"
cik: "0000715787"
company_name: "INTERFACE INC"
filed_at: "2021-12-21T23:59:59+00:00"
generated_at: "2026-06-27T23:30:12.776454+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000715787-21-000048
- form_type: 8-K
- ticker: TILE
- cik: 0000715787
- company_name: INTERFACE INC
- filed_at: 2021-12-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/715787/000071578721000048/0000715787-21-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/715787/000071578721000048/tile-20211216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000715787-21-000048
- JSON: https://secwatch.observer/filing/0000715787-21-000048.json
- Plain text: https://secwatch.observer/filing/0000715787-21-000048.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.