Crown Holdings promotes Kevin C. Clothier to CFO; enters employment agreement
CROWN HOLDINGS, INC.
Effective Jan 1, 2022, Clothier becomes SVP & CFO with an annual base salary of $535,000.
Initial term of one year, auto-renewing annually unless 30-day non-renewal notice given.
On termination without cause pre-change of control: lump sum equal to base salary plus pro-rata bonus.
On termination without cause or for good reason within 12 months post-change of control: 3x base salary plus average bonus, with accelerated vesting of equity.
On January 7, 2022, Crown Holdings, Inc. (the "Company") entered into an employment agreement with its Senior Vice President and Chief Financial Officer Kevin C. Clothier (the "Employment Agreement") in connection with Mr. Clothier's promotion to Chief Financial Officer of the Company.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Kevin C. Clothier was appointed as Chief Financial Officer at CROWN HOLDINGS, INC..
Action
promoted
Role
Chief Financial Officer
Exact text from the filing
On January 7, 2022, Crown Holdings, Inc. (the "Company") entered into an employment agreement with its Senior Vice President and Chief Financial Officer Kevin C. Clothier (the "Employment Agreement") in connection with Mr. Clothier's promotion to Chief Financial Officer of the Company.
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