Luxfer appoints Andy Butcher as CEO with increased compensation; former CEO Maskara departs

LUXFER HOLDINGS PLC

Andy Butcher appointed CEO and Executive Director effective May 6, 2022, succeeding Alok Maskara who resigned.
Butcher's base salary increased to $615,000 from $372,000; target bonus to 100% of salary; LTIP target to 180%.
Butcher received additional equity of 48,000 shares (19,200 RSUs + 28,800 PSUs) on appointment.
Butcher eligible for additional 32,000–64,000 RSUs on achieving EPS targets by Dec 31, 2025.
Maskara received $306,667 cash (prorated bonus) and immediate vesting of 57,819 RSUs; waived other entitlements.

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