---
schema_version: "secwatch.filing_event.v1"
accession: "0000916540-23-000024"
form_type: "8-K"
ticker: "DAR"
cik: "0000916540"
company_name: "DARLING INGREDIENTS INC."
filed_at: "2023-06-12T23:59:59+00:00"
generated_at: "2026-06-14T03:26:41.704739+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Darling Ingredients enters new severance agreements with three executives

## Summary
- New agreements cover Brad Phillips, John F. Sterling, and Rick Elrod, effective June 7, 2023.
- Outside a Change of Control: severance = 2x base salary paid over 24 months, plus prorated bonus subject to performance goals.
- Within 2 years of CIC: lump sum = 2x (highest base salary + target bonus) plus greater of actual or target prorated bonus.
- Additional benefits: COBRA premium reimbursement up to 18 months, outplacement services up to $20,000.
- Agreements expire Dec 31, 2023, auto-renew annually unless company gives 6-month non-renewal notice.

## SEC filing metadata
- accession: 0000916540-23-000024
- form_type: 8-K
- ticker: DAR
- cik: 0000916540
- company_name: DARLING INGREDIENTS INC.
- filed_at: 2023-06-12T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/916540/000091654023000024/0000916540-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/916540/000091654023000024/dar-20230607.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000916540-23-000024
- JSON: https://secwatch.observer/filing/0000916540-23-000024.json
- Plain text: https://secwatch.observer/filing/0000916540-23-000024.txt

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