Cleveland-Cliffs EVP Maurice Harapiak departs; severance $3.78M lump sum

CLEVELAND-CLIFFS INC.

Maurice D. Harapiak terminated without cause as EVP, HR & Chief Admin Officer; separation agreement signed May 5, 2022.
Receives $3,780,000 lump sum cash severance plus up to 36 months of health insurance premiums.
Prorated 2022 annual incentive based on full-year results; $45k cash for financial planning.
Accelerated vesting of 50,628 RSUs (2020 grant); continued vesting of 50,628 target shares; prorated 2021/2022 awards.
Two-year non-solicitation, non-disclosure, non-disparagement covenants.

item 5.02 item 9.01

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Departed

Maurice D. Harapiak

Executive Vice President, Human Resources & Chief Administration Officer

CLF · CLEVELAND-CLIFFS INC.

Filed: May 6, 2022, 7:59 PM ET

Maurice D. Harapiak has departed from his position as Executive Vice President, Human Resources & Chief Administration Officer of Cleveland-Cliffs Inc.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Maurice D. Harapiak departed as Executive Vice President, Human Resources & Chief Administration Officer at CLEVELAND-CLIFFS INC..

Action: departed
Role: Executive Vice President, Human Resources & Chief Administration Officer

Exact text from the filing

Maurice D. Harapiak has departed from his position as Executive Vice President, Human Resources & Chief Administration Officer of Cleveland-Cliffs Inc.

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CLEVELAND-CLIFFS INC. filing history →

Source: SEC EDGAR

accession 0000764065-22-000101

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