other material
confidence high
sentiment neutral
materiality 0.25
ESCO Technologies adopts Supplemental Clawback Policy effective Oct 2, 2023, amends Performance Compensation Plan
ESCO TECHNOLOGIES INC
- Supplemental Clawback Policy covers current and former executive officers consistent with SEC Rule 10D-1 and NYSE listing standards.
- Policy requires recoupment of excess incentive-based compensation in the event of an accounting restatement due to material noncompliance.
- Performance Compensation Plan amended to subject PCP payments to the Supplemental Clawback Policy, effective for fiscal 2023 awards.
- No indemnification allowed for recouped amounts; policy applies to all incentive-based compensation received on or after Oct 2, 2023.