Derrek Weaver steps down as EVP, will serve as Special Counsel until 2027

RUSH ENTERPRISES INC \TX\

Derrek Weaver resigned as Executive Vice President effective March 31, 2022.
He will serve as Special Counsel under a 5-year employment agreement through May 31, 2027.
Salary reduced from $517,300.80 to $360,000 per year effective June 1, 2022.
Released all claims and agreed to non-compete, non-solicitation, and confidentiality covenants.
Unvested stock options and restricted stock awards continue to vest after employment term ends.

item 5.02

Executive movements

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Role change

Derrek Weaver

Executive Vice President

RUSHA · RUSH ENTERPRISES INC \TX\

Effective: 2022-03-31
Filed: April 4, 2022, 7:59 PM ET

Effective March 31, 2022, Derrek Weaver stepped down as Executive Vice President of Rush Enterprises, Inc.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Derrek Weaver changed role as Executive Vice President at RUSH ENTERPRISES INC \TX\.

Action: stepped down
Role: Executive Vice President

Exact text from the filing

Effective March 31, 2022, Derrek Weaver stepped down as Executive Vice President of Rush Enterprises, Inc.

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Source: SEC EDGAR

accession 0001437749-22-008184

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