---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-239449"
form_type: "8-K"
ticker: "MIDD"
cik: "0000769520"
company_name: "MIDDLEBY Corp"
filed_at: "2026-05-26T20:30:47+00:00"
generated_at: "2026-05-26T20:35:05.778283+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Middleby adopts executive severance plan with 3x CEO payout and amended incentive plan

## Summary
- CEO (Tier I) eligible for 3x base salary plus target bonus on termination without cause; same multiplier after change in control.
- Named executive officers (Tier II) receive 1x base+bonus without CIC, 2x after CIC; includes CFO, CTOO, CCO, CDO.
- Compensation Committee also adopted amended Value Creation Incentive Plan (VCIP) for cash bonuses based on performance goals.
- Severance requires execution of release and compliance with restrictive covenants; benefits forfeited upon breach.
- Plan effective May 20, 2026; supersedes prior severance arrangements for participants.

## SEC filing metadata
- accession: 0001193125-26-239449
- form_type: 8-K
- ticker: MIDD
- cik: 0000769520
- company_name: MIDDLEBY Corp
- filed_at: 2026-05-26T20:30:47+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/769520/000119312526239449/0001193125-26-239449-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/769520/000119312526239449/d91692d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-239449
- JSON: https://secwatch.observer/filing/0001193125-26-239449.json
- Plain text: https://secwatch.observer/filing/0001193125-26-239449.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.