secwatch.observer — SEC 8-K summary
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Issuer:     SCOTTS MIRACLE-GRO CO (SMG)
CIK:        0000825542
Form:       8-K
Filed at:   2026-10-16T20:06:42+00:00
Accession:  0000825542-26-000058
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Scotts Miracle-Gro finalizes separation with EVP/CSO Christopher Hagedorn; 24-month severance
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- Christopher J. Hagedorn, EVP & Chief Strategy Officer, departed Sept 30, 2026; The Scotts Company LLC signed a Separation Agreement with him on Oct 13, 2026.
- Severance: 24 months base salary, 24 months COBRA benefits offset, outplacement via Lee Hecht Harrison, and a bonus of 2.0x target paid in two annual installments.
- Eligible for FY2026 Executive Incentive Plan payout in Nov 2026 in cash and equity, including a 15% premium for equity conversion, based on target bonus through termination.
- 57,033 options granted Nov 2023 vested in full and expire 180 days after termination; 16,239 performance units granted Feb 16, 2024 vest Feb 16, 2027 if criteria met.
- Forfeited on termination: 21,009, 5,375 and 29,649 options granted 2024-2026, plus 8,808 and 14,599 performance units granted Jan 2025 and Jan 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825542/000082554226000058/0000825542-26-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825542/000082554226000058/smg-20261016.htm
  HTML page:      https://secwatch.observer/filing/0000825542-26-000058

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