---
schema_version: "secwatch.filing_event.v1"
accession: "0000929638-24-003043"
form_type: "8-K"
ticker: "FRPT"
cik: "0001611647"
company_name: "Freshpet, Inc."
filed_at: "2024-08-30T23:59:59+00:00"
generated_at: "2026-05-31T06:47:49.951201+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Freshpet adopts Key Executive Severance Plan; CEO William Cyr enters letter agreement

## Summary
- Plan effective Aug 27, 2024, replacing individual employment agreements; covers named executive officers and senior employees.
- CEO Cyr to receive 2x annual comp for qualifying termination (no cause/good reason) and 3x for change-in-control termination.
- Other Level 2 executives get 1.5x (qualifying) or 2x (change-in-control) annual comp, plus COBRA and outplacement benefits.
- Cyr's letter agreement includes 24-month noncompete/nonsolicit; other executives 12 or 24 months.
- Plan designed to standardize severance and protect intellectual property; amendments restricted near change-in-control.

## SEC filing metadata
- accession: 0000929638-24-003043
- form_type: 8-K
- ticker: FRPT
- cik: 0001611647
- company_name: Freshpet, Inc.
- filed_at: 2024-08-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1611647/000092963824003043/0000929638-24-003043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1611647/000092963824003043/a8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000929638-24-003043
- JSON: https://secwatch.observer/filing/0000929638-24-003043.json
- Plain text: https://secwatch.observer/filing/0000929638-24-003043.txt

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