Latham Group standardizes executive severance and extends Interim CFO Borseth through Dec 2023

Latham Group, Inc.

Amends employment agreements for CEO Scott Rajeski, execs; moves to at-will with new Severance Plan standardizing terms.
Severance Plan: 1.5x salary (CEO) or 1x (others), COBRA, equity acceleration on change in control; expires Dec 31, 2025.
Extends Interim CFO Borseth to Dec 31, 2023; grants 213,212 RSUs (50% immediate) and $100k bonus.
Borseth guaranteed minimum 75% of target bonus for 2023; if permanent CFO starts, becomes Strategic Advisor.

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