other material
confidence high
sentiment neutral
materiality 0.30
FreightCar America amends severance for CEO/CFO post-change-in-control
FreightCar America, Inc.
- CEO Randall gets 24 months base salary, 2 bonus payments (avg of last 2 yrs), and health coverage upon qualifying termination post-CIC.
- CFO Riordan gets 18 months base salary, 2 bonus payments (avg of last 2 yrs), and health coverage for 18 months post-CIC.
- Amendments effective Sep 3, 2025; benefits replace any severance under existing Executive Severance Plan.
- Termination must occur within 24 months of a Change in Control without Cause or for Good Reason.