other material
confidence high
sentiment neutral
materiality 0.25
Autodesk amends Executive Change in Control Program; severance calculations now based on target bonus
Autodesk, Inc.
- Compensation Committee approved amended Exec. Change in Control Program on April 27, 2022, effective immediately.
- Key change: severance cash component calculated using target bonus instead of average historical bonuses.
- Stub-year severance now based on target bonus rather than actual bonus achievement.
- Program will automatically terminate on Jan 31, 2027 unless Board extends.
- Conforming amendment to CEO Andrew Anagnost's employment agreement.