Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In Mr. Bruehlman's new role as Executive Vice President and interim Chief
Financial Officer, effective August 1, 2020, he will receive an annual base
salary of $860,000, with an annual incentive target of 100% of his base salary,
subject to the terms and conditions of the Company's annual incentive program.
In connection with his appointment, Mr. Bruehlman will also receive a restricted
stock unit award on August 3, 2020, having an aggregate grant date fair value
equal to $2,700,000, that vests ratably on each of the first three anniversaries
following the grant date, subject to the terms and conditions of the Company's
2017 Incentive and Stock Award Plan. Mr. Bruehlman will also participate in the
Company's standard benefit plans in the U.S. available to executives at his
level in accordance with their terms.
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