Amentum amends Executive Chair Demetriou deal: $625K salary, $1.25M LTI target, severance removed

Amentum Holdings, Inc.

Demetriou remains Executive Chair under amended and restated employment agreement effective Sept 28, 2026; prior agreement's initial term ended Sept 27, 2026 and employment now continues at will.
Base salary set at $625,000 per year; target annual cash bonus of $625,000 (100% of salary), with performance conditions matching those of the CEO's annual bonus.
Annual long-term incentive target value of $1,250,000; LTI awards vest no later than the first anniversary of grant, subject solely to continued service.
Severance obligations removed except a pro-rata bonus and full accelerated vesting of outstanding LTI awards on termination other than for Cause.
New one-year post-termination non-compete and non-solicit covenants supersede prior non-compete terms; compensation changes do not constitute Good Reason.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.