AZZ (AZZ) has shared an update.
AZZ Inc. has secured a new employment agreement with Mr. Bryan Stovall, their Metal Coatings segment President and COO, starting from July 15, 2024, with an initial two-year term and possible one-year extensions. Stovall is set to receive a substantial retention bonus and equity award, alongside annual cash and equity incentives linked to performance criteria. If terminated without cause, he may be entitled to severance pay, subject to certain conditions, and is bound by non-compete and confidentiality clauses post-employment.
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