J&J Snack Foods enters 4-year CEO employment agreement with Daniel Fachner

J&J SNACK FOODS CORP

Base salary set at $950,000; annual bonus target at least equal to base salary.
Annual equity award of at least $1.5 million; Milestone Bonus of $5M if $600M aggregate EBITDA achieved over FY2023-2026.
Severance packages vary: up to 3x salary plus bonus upon termination without cause/good reason/change in control.
24-month post-termination non-compete and non-solicitation covenants apply.

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