secwatch.observer — SEC 8-K summary
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Issuer:     KBR, INC. (KBR)
CIK:        0001357615
Form:       8-K
Filed at:   2026-07-10T20:30:16+00:00
Accession:  0001357615-26-000157
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KBR amends severance agreements for executives; increases cash severance multiple to 1.5x for non-CEO officers
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- Cash severance multiple for non-CEO executives increased from 1.0x to 1.5x (base salary + target bonus).
- Good Reason definition expanded: material diminution of base compensation, authority/duties, or relocation >50 miles.
- Cause definition clarified: excludes strategy disagreements, performance failures; includes 10-day cure period.
- Retirement eligibility: age+service >=70, age>=55, 5 years service, 6 months notice required.
- RSU vesting upon retirement changed to pro-rata; Galindo agreement adds pro-rata bonus and equity vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1357615/000135761526000157/0001357615-26-000157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1357615/000135761526000157/kbr-20260710.htm
  HTML page:      https://secwatch.observer/filing/0001357615-26-000157

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