Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On September 8, 2020, the employment of Charles F. Meintjes, the Executive Vice
President and Chief Operating Officer of Peabody Energy Corporation (the
"Company"), was terminated, effective as of September 18, 2020, when
Mr. Meintjes will leave the Company to pursue other interests.
"Charles joined Peabody in 2007 and has been a valued contributor for many
years. I'd personally like to thank Charles for these contributions and wish him
well in future endeavors," said Peabody President and CEO Glenn Kellow.
Mr. Meintjes' separation from the Company constitutes a termination "without
cause" as defined under that certain participation agreement, dated as of
February 22, 2019, as amended, between the Company and Mr. Meintjes under the
Peabody Energy Corporation 2019 Executive Severance Plan (the "Severance Plan").
In lieu of the 90-day notice period required to terminate Mr. Meintjes'
employment under the Severance Plan, the Company will pay Mr. Meintjes a lump
sum in lieu of notice in the amount of $133,700. Mr. Meintjes' termination did
not result from a disagreement with the Company on any matter relating to the
Company's operations, policies or practices, including its controls or financial
related matters.
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