ADTRAN extends CFO Dopfer's contract to Dec 2024, sets new compensation for CEO Glingener

ADTRAN Holdings, Inc.

CFO Ulrich Dopfer's employment extended through Dec 31, 2024; annual base salary set at $410,000 starting May 1, 2023.
Dopfer eligible for quarterly cash incentive (60% of base), RSUs ($164k annual), TSR-based PSUs ($164k annual), 3-year EBIT PSUs ($1M), and integration bonus tied to synergy targets.
CEO Christoph Glingener's compensation amendment effective: annual remuneration cap EUR 2.9M; similar variable structure with cash, RSUs, PSUs, and integration bonus.
Both executives' total annual remuneration capped: Dopfer EUR 2.8M, Glingener EUR 2.9M.
Glingener's integration bonus includes objectives for IT integration, employee engagement, and engineering site consolidation.

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