other material
confidence high
sentiment neutral
materiality 0.55
CoreCivic amends executive severance plan; CEO payout multiple increased outside change-in-control period
CoreCivic, Inc.
- New Severance Amount defined as Base Salary plus target Annual Cash Bonus.
- Change in Control Period extended to 18 months following a Change in Control.
- CEO outside CIC: severance increased from 1x Base Salary to 2.0x Severance Amount.
- CEO during CIC: lump sum now 2.5x Severance Amount (previously 2.99x Base Salary).
- Other executives during CIC: lump sum is 1.5x Severance Amount; plan effective July 25, 2025.