other material
confidence high
sentiment neutral
materiality 0.30
Warrior Met Coal adopts clawback policy and amends indemnification agreements to comply with SEC/NYSE rules
WARRIOR MET COAL, INC.
- Board adopted Policy for Recovery of Erroneously Awarded Compensation effective Oct 2, 2023, complying with SEC Rule 10D-1 and NYSE listing rules.
- Policy mandates recovery of incentive-based compensation from executive officers upon an accounting restatement, regardless of misconduct.
- Board also amended form of Director and Officer Indemnification Agreement to ensure compliance with clawback policy.
- Policy allows discretionary recovery by Compensation Committee for acts of misconduct by executive officers.