leadership
confidence high
sentiment neutral
materiality 0.35
CEO Thomas Hull III enters $250K retention bonus with 3-year clawback
KEWAUNEE SCIENTIFIC CORP /DE/
- Retention bonus of $250,000 payable within 10 days of March 18, 2024 effective date.
- Full repayment required if CEO resigns without Good Reason or is terminated for Cause within 36 months.
- Definitions of Cause and Good Reason incorporated from existing Change of Control Employment Agreement.
- Agreement can only be amended in writing; governed by North Carolina law.