secwatch.observer — SEC 8-K summary
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Issuer:     LCI INDUSTRIES (LCII)
CIK:        0000763744
Form:       8-K
Filed at:   2026-06-23T13:25:56+00:00
Accession:  0000763744-26-000038
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

LCI Industries amends employment agreements for two execs; Smith severance reduced from 3x to 2x
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- Ryan R. Smith amended agreement: cash severance multiple reduced from 3x to 2x base salary + avg bonus; severance period from 36 to 24 months.
- Both Smith and Jamie M. Schnur get 'Approved Retirement' provision entitling them to same severance as termination without cause or good reason resignation.
- Approved Retirement defined as termination on/after 1st anniversary of effective date (extendable to 18 months for specified corporate transactions).
- Good Reason definition now applies to stock-based incentive awards held by both executives.
- Employment period under each agreement continues until terminated per its terms; effective June 19, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763744/000076374426000038/0000763744-26-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763744/000076374426000038/lcii-20260619.htm
  HTML page:      https://secwatch.observer/filing/0000763744-26-000038

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