secwatch / observer

8-K filed May 17, 2024, 7:59 PM ET ticker ZWS CIK 0001439288

other material confidence high sentiment neutral materiality 0.50

Zurn Elkay renews CEO Todd Adams' employment through 2028 with same $1,005,000 salary

Zurn Elkay Water Solutions Corp

New letter agreement has a four-year initial term through May 17, 2028, then auto-renews yearly unless 90-day notice given.
Base salary unchanged at $1,005,000; annual target bonus remains 125% of base salary with max 250%.
Severance under existing plans enhanced: 2x (base salary plus target bonus) paid over 24 months, plus 24-month COBRA.
Replaces prior letter agreement dated December 13, 2018; other key terms are substantially similar.

item 5.02 item 9.01

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accession: 0001193125-24-141884
form_type: 8-K
ticker: ZWS
cik: 0001439288
company_name: Zurn Elkay Water Solutions Corp
filed_at: 2024-05-17T23:59:59+00:00
discovered_at: 2026-05-14T18:03:18.437214+00:00
generated_at: 2026-06-01T15:13:39.563177+00:00
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