8-KItem 5.02 · Officer/Director Change
J.M.
Filed with the SEC on · Summarized by InvestorsBot
J.M. Smucker confirms Separation Agreement with former President & COO John Brase effective Feb 26, 2026. Lump-sum payments on Apr 17, 2026: $1,185,000 (18 months salary) + $611,885 (pro-rata FY26) + $36,000 COBRA + $150,000 relocation + $10,000 = ≈$1.993M. $SJM 📄💼 #Severance #CorporateGovernance
Equity/option treatment: certain June 15, 2023 and Apr 14, 2020 RSUs (third tranche) vest; other unvested RSUs/options forfeited. June 15, 2023 option tranche vests; vested options must be exercised by May 10, 2026 (auto-exercise for ITM options). Performance units prorated/vested by actual 3-yr performance. $SJM 💰🔒 #EquityComp #Investing