ADTRAN SVP of Services Ronald Centis to depart Dec 15; severance includes $349K cash, RSU acceleration

ADTRAN Holdings, Inc.

Ronald Centis, SVP of Services, departs effective December 15, 2023.
Severance: lump-sum $349,397 (52 weeks salary) plus $36,605 for medical premiums.
Accelerated vesting of 15,821 unvested RSUs; other unvested awards forfeited.
18-month non-compete with competitors including Calix, Ciena, Nokia, Huawei.
Agreement includes general release of claims and non-disparagement covenants.

item 5.02 item 9.01

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Departed

Ronald D. Centis

Senior Vice President of Services

ADTN · ADTRAN Holdings, Inc.

Effective: 2023-12-15
Filed: December 6, 2023, 6:59 PM ET

Mr. Ronald D. Centis, Senior Vice President of Services and a named executive officer of the Company (as identified in the Company’s definitive proxy statement on Schedule 14A filed on March 28, 2023), will depart from the Company, effective December 15, 2023 (the “ Separation Date ”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Ronald D. Centis departed as Senior Vice President of Services at ADTRAN Holdings, Inc..

Action: departed
Role: Senior Vice President of Services

Exact text from the filing

Mr. Ronald D. Centis, Senior Vice President of Services and a named executive officer of the Company (as identified in the Company’s definitive proxy statement on Schedule 14A filed on March 28, 2023), will depart from the Company, effective December 15, 2023 (the “ Separation Date ”).

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ADTRAN Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-289895

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