SCOTTS MIRACLE-GRO CO (SMG) Form 8-K — Oct 16, 2026
Scotts Miracle-Gro disclosed that its subsidiary The Scotts Company LLC entered into a Separation Agreement on October 13, 2026 with Christopher J. Hagedorn, the company's former EVP & Chief Strategy Officer, whose departure was previously announced with a September 30, 2026 termination date. Under the agreement, Hagedorn receives Tier 1 Executive Severance Plan benefits including 24 months of salary continuation, outplacement services, a 24-month COBRA benefits offset payment, and a bonus amount equal to 2.0x his target annual bonus paid in two installments tied to continued compliance with post-employment covenants.
Key figures
- Options forfeited
- 21,009 (Nov 2024) + 5,375 (Jan 2025) + 29,649 (Jan 2026)
- Cobra offset months
- 24
- Outplacement months
- 12
- Bonus amount multiplier
- 2.0x target bonus
- Severance salary months
- 24
- Options vested termination
- 57033
- Performance units forfeited
- 8,808 (Jan 2025) + 14,599 (Jan 2026)
- Performance units vesting 2024 grant
- 16239
AI analysis
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