MKS Instruments discloses $5.58M severance for Geoff Wild upon Atotech acquisition closing

MKS INC

Severance total of $5,576,068 becomes determinable upon August 17, 2022 acquisition close.
Payment includes 150% of total remuneration, pro-rated bonus, 6 months salary in lieu of notice.
Also includes lump sum at 18-month anniversary and cash settlement of all outstanding RSU/PSU awards at target.
Mr. Wild continues healthcare coverage up to 18 months; payments subject to restrictive covenant repayment.
His employment with Alpha US terminated immediately prior to closing; he remains on MKS Board.

item 5.02

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Departed

Geoff Wild

Other Named Officer

MKSI · MKS INC

Effective: 2022-08-17
Filed: August 17, 2022, 7:59 PM ET

Mr. Wild’s employment by Alpha US terminated immediately prior to the closing of the Acquisition.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.7

Geoff Wild was terminated as other_named_officer at MKS INC.

Action: terminated

Exact text from the filing

Mr. Wild’s employment by Alpha US terminated immediately prior to the closing of the Acquisition.

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MKS INC filing history →

Source: SEC EDGAR

accession 0001193125-22-223259

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