Shyft Group's Chief Legal Officer Joshua Sherbin plans to resign after merger close, triggering severance

SHYFT GROUP, INC.

Joshua Sherbin, Chief Legal, Administrative and Compliance Officer, informed board he will resign for 'good reason' if merger with Aebi Schmidt closes.
Sherbin does not intend to become an executive officer of the combined company post-merger.
Resignation would constitute a 'qualifying termination' under the Shyft Group Executive Severance Plan, triggering severance benefits.
Conditions for 'good reason' include notice within 90 days of knowledge and a 30-day cure period by Shyft.
Merger previously announced on December 16, 2024; closing is subject to conditions.

item 5.02

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Departed

Joshua Sherbin

Chief Legal, Administrative and Compliance Officer and Corporate Secretary

SHYFT GROUP, INC.

Filed: May 6, 2025, 7:59 PM ET

Mr. Joshua Sherbin, our Chief Legal, Administrative and Compliance Officer and Corporate Secretary, has informed Shyft’s board of directors and Aebi Schmidt that if the Merger is consummated, Mr. Sherbin intends to resign his employment for “good reason” (as described in The Shyft Group, Inc. Executive Severance Plan), and therefore Mr. Sherbin does not intend to become an executive officer of the combined company following the Merger.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Joshua Sherbin departed as Chief Legal, Administrative and Compliance Officer and Corporate Secretary at SHYFT GROUP, INC..

Action: resign
Role: Chief Legal, Administrative and Compliance Officer and Corporate Secretary

Exact text from the filing

Mr. Joshua Sherbin, our Chief Legal, Administrative and Compliance Officer and Corporate Secretary, has informed Shyft’s board of directors and Aebi Schmidt that if the Merger is consummated, Mr. Sherbin intends to resign his employment for “good reason” (as described in The Shyft Group, Inc. Executive Severance Plan), and therefore Mr. Sherbin does not intend to become an executive officer of the combined company following the Merger.

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Source: SEC EDGAR

accession 0000950103-25-005757

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