Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
On September 14, 2020, Cubic Corporation (the "Company") entered into a
separation agreement and mutual release (the "Separation Agreement") with
Michael R. Twyman, Senior Vice President of the Company and President of the
Company's Cubic Mission Solutions business segment, in connection with Mr.
Twyman's departure from the Company. Pursuant to the terms of the Separation
Agreement, Mr. Twyman will receive certain separation payments and benefits from
the Company in exchange for a customary release of any and all claims he may
have against the Company and its representatives arising from or relating to his
employment by the Company. Mr. Twyman will also be subject to certain
restrictive covenants and confidentiality obligations following his departure
from the Company.
The foregoing description of the Separation Agreement does not purport to be
complete and is qualified in its entirety by reference to the full text of the
Separation Agreement, a copy of which is filed as Exhibit 10.1 hereto and
incorporated by reference in this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
10.1 Separation Agreement and Mutual Release, dated as of September 14,
2020, by and between Cubic Corporation and Michael R. Twyman.
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in
the Inline XBRL document).
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