other_material
confidence high
sentiment neutral
materiality 0.35
Brady Corp enters new change-of-control agreement with General Counsel Andrew Gorman
BRADY CORP
- Agreement provides 2x base salary plus 2x target bonus upon qualifying termination within 24 months of a change of control.
- Replaces prior change-of-control agreement with Gorman dated April 6, 2020.
- Approved by Management Development and Compensation Committee to align with similar agreements for other named executive officers.
- Effective September 16, 2025; Gorman remains General Counsel and Secretary.
item 5.02item 9.01