---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-073672"
form_type: "8-K"
ticker: "MIDD"
cik: "0000769520"
company_name: "MIDDLEBY Corp"
filed_at: "2022-03-14T23:59:59+00:00"
generated_at: "2026-06-26T23:25:11.590529+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Middleby enters new employment agreement with CEO FitzGerald through 2024; salary unchanged at $975K

## Summary
- Agreement dated March 10, 2022; term ends Dec 31, 2024 with automatic one-year renewals.
- Base salary remains $975,000 per year (unchanged since CEO promotion in 2019).
- Severance: 3x (salary + highest annual bonus or 3-year average) if terminated without cause or for material duty reduction.
- Includes 24-month benefits continuation and parachute payment reduction to avoid excise tax under Section 280G.
- Supersedes prior employment agreement dated March 21, 2013, as amended February 19, 2018.

## SEC filing metadata
- accession: 0001193125-22-073672
- form_type: 8-K
- ticker: MIDD
- cik: 0000769520
- company_name: MIDDLEBY Corp
- filed_at: 2022-03-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/769520/000119312522073672/0001193125-22-073672-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/769520/000119312522073672/d318016d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-073672
- JSON: https://secwatch.observer/filing/0001193125-22-073672.json
- Plain text: https://secwatch.observer/filing/0001193125-22-073672.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.