MODINE MANUFACTURING CO (MOD) Form 8-K — Oct 27, 2026
Modine Manufacturing's board adopted a new Executive Severance Plan effective October 21, 2026, replacing the prior Supplemental Severance Plan. CFO Michael Lucareli receives 1.5x regular and 2.5x change-in-control severance multiples, while General Counsel Erin Roth receives 1.0x and 2.0x, respectively. CEO Neil Brinker's offer letter and change-in-control agreement were amended to provide 2x salary-plus-bonus severance in a non-CIC qualifying termination and 3x following a change in control. His 'Good Reason' definition was expanded to include being required to report to someone other than the Board.
Key figures
- Cobra coverage months gc
- 12
- Cobra coverage months cfo
- 18
- Gc cic severance multiple
- 2.0x
- Ceo cic severance multiple
- 3x
- Cfo cic severance multiple
- 2.5x
- Gc regular severance multiple
- 1.0x
- Ceo non cic severance multiple
- 2x
- Cfo regular severance multiple
- 1.5x
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.