Hurco amends employment agreements for Executive Chairman and CEO, formalizing 2021 role transitions

HURCO COMPANIES INC

Michael Doar's severance period reduced from 12 to 9 months; enhanced severance from 24 to 18 months.
Gregory Volovic's severance period increased from 9 to 12 months; enhanced severance from 18 to 24 months.
Amendments clarify that Doar's transition to Executive Chairman and salary changes do not constitute 'Good Reason'.
Changes effective November 11, 2021, formalizing March 2021 role shifts.

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