UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
In connection with its annual review of employment arrangements with its executive officers, on January 1, 2025, Chart Industries, Inc. (the “Company”) entered into an employment agreement (the “Employment Agreement”) with Joseph R. Brinkman, the Company’s Vice President and Chief Financial Officer. The terms of the Employment Agreement are consistent with those of the employment agreements with the Company’s other senior executive officers. The Employment Agreement incorporates the provisions of Mr. Brinkman’s existing Amended and Restated Severance Agreement (the “Severance Agreement”) and replaces the Severance Agreement in its entirety.
Except as noted below, the payments that Mr. Brinkman is entitled to under his Employment Agreement are substantially similar to those that would have been available to him under his Severance Agreement. Under his Employment Agreement, in the event of his involuntary termination without cause or resignation for good reason, other than in connection with a Change in Control (as defined in the Employment Agreement), in addition to one year of his current base salary and health plan coverage that was provided by his Severance Agreement, Mr. Brinkman’s payment will include the greater of his current annual target bonus or his bonus for the prior fiscal year.
Furthermore, Mr. Brinkman’s Employment Agreement includes certain non-competition and non-solicitation provisions, as well as confidentiality provisions, that were not contained in Mr. Brinkman’s Severance Agreement.
The description contained herein of Mr. Brinkman’s Employment Agreement is qualified in its entirety by reference to the full text of the Employment Agreement, which will be filed as an exhibit to the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2024, and is incorporated herein by reference.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Chart Industries, Inc. | ||||||
| Date: January 7, 2025 |
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| By: | /s/ Jillian C. Evanko | |||||
| Name: | Jillian C. Evanko | |||||
| Title: | President and Chief Executive Officer | |||||