Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 11, 2022, the Board of Directors of Haynes International, Inc. (the
"Company") and the Compensation Committee thereof, following a year-end review
of policies, plans and agreements relating to the employment of the Company's
executive officers, determined that both Mr. Shor's Executive Employment
Agreement and the Termination Benefits Agreements applicable to each Named
Executive Officer required amendment in order to conform to the parties' intent
with respect to cash and other compensation payable upon certain events. Those
events include, without limitation, termination of employment in connection with
a change of control and, in the case of Mr. Shor, termination of employment upon
death or disability. Accordingly, for the avoidance of doubt in construing such
provisions, upon the recommendation of the Compensation Committee, the Board of
Directors approved, and the Company and the applicable individual entered into
(i) Amendment No. 1 to Mr. Shor's Executive Employment Agreement and
(ii) Amendment No. 1 to Termination Benefits Agreement (conformed for each
applicable Named Executive Officer).
Item 9.01. Financial Statement and Exhibits
Exhibit 99.1 Amendment No. 1 to Executive Employment Agreement
Exhibit 99.2 Form of Amendment No. 1 to Termination Benefits Agreement
104 Cover Page Interactive Data File (formatted in Inline XBRL and
contained in Exhibit 101)© Edgar Online, source Glimpses
HAYNES INTERNATIONAL, INC. 
