secwatch.observer — SEC 8-K summary
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Issuer:     Mueller Water Products, Inc. (MWA)
CIK:        0001350593
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001350593-24-000082
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350593/000135059324000082/0001350593-24-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350593/000135059324000082/mwa-20241209.htm
  HTML page:      https://secwatch.observer/filing/0001350593-24-000082

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