other material
confidence high
sentiment neutral
materiality 0.40
Smith-Midland signs change-of-control severance pact with CFO Stephanie Poe
SMITH MIDLAND CORP
- Agreement provides one year of base salary in monthly installments upon qualifying termination.
- CFO receives 12 months continued benefits and lump sum equal to avg prior 3 years cash bonuses.
- If termination within 24 months after change in control, unvested stock options and RSUs fully vest.
- Ms. Poe agrees to one-year non-compete and non-solicitation after termination.
- Severance agreement executed January 18, 2024, between Smith-Midland and CFO.