secwatch.observer — SEC 8-K summary
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Issuer:     EnerSys (ENS)
CIK:        0001289308
Form:       8-K
Filed at:   2022-12-28T23:59:59+00:00
Accession:  0001289308-22-000077
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EnerSys enters standard change-in-control severance agreement with President Andrew Zogby
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- New severance agreement with President Andrew Zogby replaces legacy Alpha employment agreement, effective Dec 28, 2022.
- Qualifying termination within 6 months before or 24 months after a change in control triggers lump sum equal to base salary plus target bonus.
- Also provides COBRA subsidy for 1 year, full equity vesting, and pro-rata annual incentive payment.
- Includes 12-month non-compete and non-solicit of customers and employees post-termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289308/000128930822000077/0001289308-22-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289308/000128930822000077/ens-20221228.htm
  HTML page:      https://secwatch.observer/filing/0001289308-22-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer