Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 25, 2021, IDEX Corporation (the "Company") appointed Allison S. Lausas
to serve as the Company's Vice President and Chief Accounting Officer, effective
immediately.
Ms. Lausas, 41, served as interim Senior Vice President and Chief Financial
Officer of SunCoke Energy, Inc. ("SunCoke") from April 2021 until July 2021.
Prior to that, she was Treasurer of SunCoke since July 2019 and Vice President,
Finance and Controller of SunCoke since May 2018. From October 2014 to May 2018,
Ms. Lausas was Vice President and Controller of both SunCoke and SunCoke Energy
Partners GP LLC. Ms. Lausas served as Assistant Controller of SunCoke prior to
October 2014. Before joining SunCoke in 2011, Ms. Lausas worked as an auditor at
KPMG LLP from 2002 to 2011.
In connection with her appointment as Vice President and Chief Accounting
Officer, Ms. Lausas will receive a base salary of $375,000; her target bonus
under the Company's Management Incentive Compensation Plan will be 50% of her
base salary; and she will be eligible for annual equity awards under the
Company's Incentive Award Plan at target of $200,000. Ms. Lausas received a cash
sign-on bonus of $130,000 and a sign-on equity award having a grant date value
of $450,000. The sign-on equity award will be split equally between stock
options (the number of shares and option price will be based on the closing
price of the Company's common stock on the grant date), which will vest ratably
at 25% each year measured as of the anniversary of the grant date, and
restricted stock shares, which will vest 100% on the third anniversary of the
grant date, in each case assuming Ms. Lausas' continued employment with the
Company on each vesting date.
Ms. Lausas does not have any family relationship with any director or other
executive officer of the Company and there are no transactions in which Ms.
Lausas has an interest requiring disclosure under Item 404(a) of Regulation S-K.
Item 9.01 - Financial Statements and Exhibits.
(a)Exhibits
104 Cover Page Interactive Data File (the cover page XBRL tags embedded within
the Inline XBRL document).
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