secwatch.observer — SEC 8-K summary
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Issuer:     Ingredion Inc (INGR)
CIK:        0001046257
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001046257-24-000038
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ingredion adopts new executive severance and change-in-control pay plans for Section 16 officers
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- CEO gets 2X base salary + target bonus over 24 months in severance; 3X lump-sum in change of control.
- CFO gets 1.5X over 18 months in severance; 3X lump-sum in change of control.
- Other Section 16 officers get 1X over 12 months in severance; 2X lump-sum in change of control.
- Plans supersede individual executive severance agreements for those who participate.
- Benefits require execution of a release and compliance with post-employment covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046257/000104625724000038/0001046257-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046257/000104625724000038/ingr-20240723.htm
  HTML page:      https://secwatch.observer/filing/0001046257-24-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer