Astec adopts new Executive Severance Plan effective Jan 2025; two-tier benefits

ASTEC INDUSTRIES INC

Named officers: Jaco van der Merwe (Tier I), Brian Harris, Michael Norris, Ben Snyman (Tier II).
Tier I gets 2x salary+bouns regular severance; 3x after CIC; Tier II gets 1x/2x respectively.
Change-of-control benefits include full equity acceleration and 36/24 months health coverage.
Severance requires release and non-compete (12 months Tier I, 8 months Tier II).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.