secwatch.observer — SEC 8-K summary
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Issuer:     Janus International Group, Inc. (JBI)
CIK:        0001839839
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001193125-23-228551
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Janus International adopts executive severance plan; CEO gets 2x/3x multiplier
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- Severance plan covers CEO Ramey Jackson, EVP Morgan Hodges, VP Norman Nettie, effective Sept 1, 2023.
- Non-CIC termination: cash severance 1x (2x for CEO) base salary plus annual bonus, paid over 12 months (24 for CEO).
- Following a change in control: cash severance 2x (3x for CEO) base salary plus target bonus, paid over 12 months (24 for CEO).
- Plan includes COBRA continuation (12/18 months) and outplacement services up to 10% of base salary.
- Two-year post-employment non-compete and non-solicit covenants apply; equity awards treated per incentive plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839839/000119312523228551/0001193125-23-228551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839839/000119312523228551/d437348d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-228551

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