Monro Muffler Brake (MNRO) has issued an update.
Matt Henson, Monro, Inc.’s Chief Human Resources Officer, is set to leave the company at the end of the fiscal year on March 30, 2024. As part of a separation agreement, he will receive severance equal to his annual salary and a possible bonus for the fiscal year, along with accelerated vesting of his restricted stock units and options, which will remain exercisable for 90 days post-departure. Henson’s performance-based equity awards may also vest proportionally based on his tenure and company performance. Details of this agreement will be included in Monro’s Annual Report.
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