secwatch.observer — SEC 8-K summary
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Issuer:     Enpro Inc. (NPO)
CIK:        0001164863
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001140361-24-010386
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enpro amends CFO Childress's change-in-control agreement, removes tax gross-up, adds scale-back
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- Amendment effective February 27, 2024 between Enpro and EVP/CFO J. Milton Childress II.
- Eliminates federal excise tax gross-up payments; replaces with scale-back provision to maximize after-tax retention.
- Company now has no outstanding agreements with excise tax gross-up provisions for any officer or employee.
- Scale-back reduces payments if excise tax would apply and after-tax amount is higher with reduction.
- Amendment aligns with company's standard form of change-in-control agreements since 2012.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1164863/000114036124010386/0001140361-24-010386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1164863/000114036124010386/ef20022729_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-010386

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