Ex-Kirby distribution president Reniers gets $145,891 bonus, $157,906 award in separation

KIRBY CORP

Joseph H. Reniers resigned as President – Kirby Distribution & Services, effective May 20, 2022.
Separation Agreement includes $145,891 (5 months' 2022 target bonus) and $157,906 (prorated 2020-2022 cash performance award).
Enhanced Transition Assistance offers monthly $40,833.33 from June 2022 to May 2023 plus $500,000 one-time payment in June 2023.
Payments conditioned on non-compete, non-solicit, non-disclosure, cooperation, and release of claims.

item 5.02 item 9.01

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Departed

Joseph H. Reniers

President – Kirby Distribution & Services, Inc.

KEX · KIRBY CORP

Effective: 2022-05-20
Filed: June 9, 2022, 7:59 PM ET

Joseph H. Reniers resigned from his position as President – Kirby Distribution & Services, Inc., a subsidiary of the Company, effective May 20, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph H. Reniers resigned as President – Kirby Distribution & Services, Inc. at KIRBY CORP.

Action: resigned
Role: President – Kirby Distribution & Services, Inc.

Exact text from the filing

Joseph H. Reniers resigned from his position as President – Kirby Distribution & Services, Inc., a subsidiary of the Company, effective May 20, 2022.

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Source: SEC EDGAR

accession 0000950170-22-011392

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