MSC Industrial discloses CEO Erik Gershwind's separation terms; special bonus payment of 33.33% of FY2026 bonus

MSC INDUSTRIAL DIRECT CO INC

CEO Erik Gershwind resigned effective Dec 31, 2025; remains on board as Vice Chair.
Separation agreement provides special payment equal to 33.33% of FY2026 cash performance bonus.
Payment made in lump sum on earlier of bonus payment date or Dec 31, 2026.
Mutual non-disparagement; Gershwind subject to confidentiality, non-solicitation, and non-competition.
Indemnification and D&O insurance rights preserved; no admission of liability.

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