TriMas updates Executive Severance Policy; adds CFO, increases Tier II CIC multiple to 1.5x

TRIMAS CORP

Removed Robert Zalupski and Joshua Sherbin from covered executives; added CFO Scott Mell as Tier II participant.
Tier II Change-in-Control severance multiple increased from 12 months (1x) to 18 months (1.5x).
New Tier III class added with 12-month (1x) severance for both CIC and non-CIC terminations.
Outplacement services eliminated; COBRA benefits made taxable; equity treatment defers to award agreements.
CEO Amato consented; Good Reason triggers if no longer CEO after CIC (90-day delay).

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