secwatch.observer — SEC 8-K summary
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Issuer:     INTERFACE INC (TILE)
CIK:        0000715787
Form:       8-K
Filed at:   2022-08-19T23:59:59+00:00
Accession:  0000715787-22-000035
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Interface enters new employment and severance agreements with President EAAA Nigel Stansfield
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- Salary set at £325,552 per annum; target annual cash bonus at 90% of salary.
- Severance: 12 months base salary plus target bonus for termination without cause; under change of control: 2x salary plus 2x avg bonus.
- Mr. Stansfield waives statutory redundancy payments; severance conditional on signing settlement agreement.
- Employment contract replaces prior agreement from 2010; role as President of EAAA region unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715787/000071578722000035/0000715787-22-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715787/000071578722000035/tile-20220815.htm
  HTML page:      https://secwatch.observer/filing/0000715787-22-000035

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