Ramaco Resources Updates Executive Severance Plan Terms
Company Announcements

Ramaco Resources Updates Executive Severance Plan Terms

Ramaco Resources (METC) has issued an announcement.

Ramaco Resources, Inc. has revised its severance plan for key executives, introducing the Ramaco Resources, Inc. Change in Control Severance Plan, effective July 9, 2024. This updated plan outlines enhanced severance benefits for executives in case of involuntary termination or resignation with good reason during a specified “protected period” following a change in control at the company. Benefits include a substantial lump sum payment based on salary and bonuses, accelerated equity vesting, extended health coverage, and additional 401(k) contributions, contingent upon agreement to non-competition and non-solicitation terms.

Learn more about METC stock on TipRanks’ Stock Analysis page.

Related Articles
Catie PowersIs METC a Buy, Before Earnings?
TheFlyRamaco Resources appoints Sundaresan as SVP of Technology
TheFlyRamaco Resources price target lowered to $18 from $19 at B. Riley
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App