Central Garden & Pet defers CEO retention payments to 2028 and 2029

CENTRAL GARDEN & PET CO

CEO Timothy Cofer's retention payments due Oct 2023 and 2024 are deferred to Oct 2028 and 2029, respectively.
Each payment is $1.9M plus compound annual 8% interest from Oct 14, 2019, payable in stock/cash.
Payments conditional on continuous employment through respective retention dates (Oct 2023 for 2028 payment, Oct 2024 for 2029 payment).
The Oct 2022 retention payment remains unchanged and is not deferred.

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