---
schema_version: "secwatch.filing_event.v1"
accession: "0000792987-24-000059"
form_type: "8-K"
ticker: "ASTE"
cik: "0000792987"
company_name: "ASTEC INDUSTRIES INC"
filed_at: "2024-12-19T23:59:59+00:00"
generated_at: "2026-05-29T01:51:52.621999+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0000792987-24-000059
- form_type: 8-K
- ticker: ASTE
- cik: 0000792987
- company_name: ASTEC INDUSTRIES INC
- filed_at: 2024-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/792987/000079298724000059/0000792987-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792987/000079298724000059/aste-20241218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000792987-24-000059
- JSON: https://secwatch.observer/filing/0000792987-24-000059.json
- Plain text: https://secwatch.observer/filing/0000792987-24-000059.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.