Ducommun enters new severance agreements with five executives; CEO gets enhanced change-in-control benefits

DUCOMMUN INC /DE/

New Key Executive Severance Agreements on May 9, 2024 for CEO Stephen Oswald, CFO Mookerji, and three other officers.
CEO: 2.5x base salary plus 2.5x target bonus lump sum upon change-in-control termination; equity vests immediately.
For non-change-in-control qualifying termination: CEO gets 2 years base salary, target bonus, benefits for 2 years.
Other executives: 2x salary plus 2x bonus lump sum for CIC termination; 1 year salary for non-CIC termination.
Prior severance agreements (dated 2017-2022) terminated as a condition to the new agreements.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.