ADTRAN SVP of R&D Scheiterer to retire Nov 30; Termination Agreement signed Nov 26

ADTRAN Holdings, Inc.

Eduard Scheiterer's retirement effective Nov 30, 2021; entered Termination Agreement on Nov 26.
Receives prorated annual salary (EUR 275,200.84), car/commuting allowances, and 2021 variable pay.
Unvested RSUs accelerate; all unvested PSUs forfeited upon departure.
Mutual release of claims; potential future consulting arrangement mentioned.
Scheiterer resigns all roles including MD of ADTRAN GmbH; ADTRAN to update SEC designation.

item 5.02 item 9.01

Executive movements

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Departed

Eduard Scheiterer

Senior Vice President of Research and Development of the Company and Managing Director of the Company’s wholly-owned German subsidiary, ADTRAN GmbH

ADTN · ADTRAN Holdings, Inc.

Effective: 2021-11-30
Filed: November 29, 2021, 6:59 PM ET

Eduard Scheiterer, Senior Vice President of Research and Development of the Company and Managing Director of the Company’s wholly-owned German subsidiary, ADTRAN GmbH (the “Subsidiary”), had notified the Company of his intent to retire from his positions with the Company and the Subsidiary, effective November 30, 2021

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Eduard Scheiterer retired as Senior Vice President of Research and Development of the Company and Managing Director of the Company’s wholly-owned German subsidiary, ADTRAN GmbH at ADTRAN Holdings, Inc..

Action: retired
Role: Senior Vice President of Research and Development of the Company and Managing Director of the Company’s wholly-owned German subsidiary, ADTRAN GmbH

Exact text from the filing

Eduard Scheiterer, Senior Vice President of Research and Development of the Company and Managing Director of the Company’s wholly-owned German subsidiary, ADTRAN GmbH (the “Subsidiary”), had notified the Company of his intent to retire from his positions with the Company and the Subsidiary, effective November 30, 2021

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ADTRAN Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-21-004926

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