---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-302285"
form_type: "8-K"
ticker: "LII"
cik: "0001069202"
company_name: "LENNOX INTERNATIONAL INC"
filed_at: "2022-12-12T23:59:59+00:00"
generated_at: "2026-06-21T05:55:42.286215+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Lennox reduces board to 9, adopts CIC plan cutting severance for non-CEO execs, eliminating gross-ups

## Summary
- Board size reduced from 10 to 9 members effective Dec 9, 2022 following Max Mitchell's resignation.
- New CIC Severance Plan reduces non-CEO executive severance from 3x to 2x base salary and target bonus.
- Equity vesting changed from single trigger to double trigger, requiring Qualifying Termination.
- Eliminates cash in lieu of perquisites, additional SRP/PRP benefits, and Section 280G excise tax gross-ups.
- Requires release of claims; health care continuation tied to severance duration.

## SEC filing metadata
- accession: 0001193125-22-302285
- form_type: 8-K
- ticker: LII
- cik: 0001069202
- company_name: LENNOX INTERNATIONAL INC
- filed_at: 2022-12-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069202/000119312522302285/0001193125-22-302285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069202/000119312522302285/d411104d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-302285
- JSON: https://secwatch.observer/filing/0001193125-22-302285.json
- Plain text: https://secwatch.observer/filing/0001193125-22-302285.txt

## Key facts
- Executive change
  Max H. Mitchell resigned as Director at LENNOX INTERNATIONAL INC.
  - Action: resigned
  - Role: Director
  source text: As previously announced, Max H. Mitchell resigned from the Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069202/000119312522302285/0001193125-22-302285-index.htm

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