secwatch.observer — SEC 8-K summary
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Issuer:     TechnipFMC plc (FTI)
CIK:        0001681459
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001140361-24-004288
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TechnipFMC renews severance agreements for CEO, CFO, and other officers
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- Double-trigger severance: termination without cause or constructive termination within 24 months of change of control.
- CEO and CFO: 3x base salary plus 3x average bonus; other officers: 2x base salary plus 2x average bonus.
- Health coverage for 36 months (CEO/CFO) or 24 months (other officers) after qualifying termination.
- Agreements have no expiration date; approved by Compensation Committee on January 29, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681459/000114036124004288/0001140361-24-004288-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681459/000114036124004288/ef20020024_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-004288

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