leadership
confidence high
sentiment neutral
materiality 0.55
EVP, Chief Legal & HR Officer Andrew Namenye resigns effective July 31, 2025; severance over $2.8M
LCI INDUSTRIES
- Andrew Namenye voluntarily resigns as EVP, Chief Legal & HR Officer and Corporate Secretary, effective July 31, 2025.
- Severance includes $1.25M (2x base salary) and $887,418 (2x avg bonus) paid over 24 months, plus $662,500 incentive payout.
- All unvested restricted stock units (RSUs) will accelerate vesting on the separation date.
- Receives $15,000 COBRA lump sum and 6 months outplacement; agrees to mutual release and transition duties through July 31.
- Remains an employee during transition; duties reallocated to others before departure.
item 5.02item 9.01