Mueller Water revises CEO severance; removes enhanced benefits without change-in-control

Mueller Water Products, Inc.

CEO Marietta Edmunds Zakas entered new letter agreement replacing Aug 2023 side letter.
Prior agreement provided full CIC severance benefits without a change-in-control; now only applies after CIC.
CEO retains $900k base salary, 110% target bonus, 333% long-term incentive, and three-times severance multiple.
New agreement adds prorated bonus, COBRA coverage with 150% premium payments, and continued life insurance in certain terminations.
Change reduces potential severance costs; CEO agreed to forego prior enhanced benefits.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.