NN Inc. appoints Tim French as COO with base salary of $594K CAD and inducement equity grants

NN INC

Tim French appointed SVP and COO effective August 10, 2023; reports to CEO Harold Bevis.
Annual base salary of $594,000 CAD; one-time signing bonus of $37,000 CAD; target annual incentive of 50% of salary.
Received inducement equity: 330,000 time-vesting RSUs (5-year ratable vest) and 560,000 performance-vesting PSUs tied to stock price milestones starting at $4.00.
No further equity grants expected until 2028; PSUs cap at $11.00 stock price over five-year performance period.

item 5.02 item 7.01 item 9.01

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Appointed

Tim French

Chief Operating Officer

NNBR · NN INC

Effective: 2023-08-10
Filed: August 10, 2023, 7:59 PM ET

appointed Tim French as Chief Operating Officer, effective August 10, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Tim French was appointed as Chief Operating Officer at NN INC.

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

appointed Tim French as Chief Operating Officer, effective August 10, 2023

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Source: SEC EDGAR

accession 0000918541-23-000126

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