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.

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