leadership
confidence high
sentiment neutral
materiality 0.40
CECO Environmental finalizes separation agreement with former CFO Matthew Eckl
CECO ENVIRONMENTAL CORP
- Separation agreement includes $366,000 lump sum cash severance payment.
- Eckl receives $251,625 cash payment equal to 125% of 2022 annual incentive target.
- Accelerated vesting of 54,807 unvested restricted stock units from 2018-2021 grants.
- Payment of 12 months of taxable COBRA premiums for continued health coverage.
- Benefits conditioned on release of claims and compliance with restrictive covenants.