Modine adopts new executive severance plan

Bitget2026/10/27 21:15

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Modine adopted an executive severance plan on October 21, 2026, replacing its Supplemental Severance Plan.
CEO Neil D. Brinker’s amended terms provide regular severance of twice base salary plus target annual bonus upon qualifying termination.
Brinker’s change-in-control severance totals 3x the sum of salary and the higher of target bonus or three-year average bonus.
Michael B. Lucareli’s regular/change-in-control severance multiples are 1.5x/2.5x; Erin J. Roth’s are 1x/2x.
Amended Performance Stock Awards use the greater of target or extrapolated performance at control changes, eliminating proration for qualifying terminations within 12 months.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Modine Manufacturing Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-119218), on October 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Modine adopts new executive severance plan

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