Sensata Technologies Holding plc filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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Industrial Machinery/Components
Industrials
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 8, 2025
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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. | ||||
On December 8, 2025, Sensata Technologies, Inc., a wholly owned subsidiary of Sensata Technologies Holding plc (the “Company”), entered into a mutually agreed Separation and Release of Claims Agreement (the “Separation Agreement”) with George Verras, Executive Vice President and Chief Technology Officer. Pursuant to the Separation Agreement, Mr. Verras will continue to serve in his current role through December 31, 2025 (the “Separation Date”). Mr. Verras’ departure is not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices.
Under the Separation Agreement, Mr. Verras will receive severance benefits in accordance with the Company’s Severance and Change-in-Control Plan, previously filed as Exhibit 10.10 to the Company’s Quarterly Report on Form 10-Q filed April 29, 2024. These benefits include:
•Cash Severance: An amount equal to 12 months of base salary ($600,000), payable in installments over a 12-month period beginning January 1, 2026 (the “Severance Period”).
•Average Bonus Payment: An amount equal to 100% of Mr. Verras’ average bonus for calendar years 2024 and 2025, payable in installments during the Severance Period.
•2025 Annual Bonus: A lump sum payment for the 2025 annual bonus, determined under the Company’s Executive Bonus Program and payable no later than February 28, 2026.
•Health Benefits: Continued participation in health and dental plans during the Severance Period, subject to COBRA and other applicable terms.
The Separation Agreement also includes customary provisions regarding release of claims, non-disparagement, cooperation, and return of Company property. The foregoing summary is qualified in its entirety by reference to the full text of the Separation Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
| Item 9.01 | Financial Statements and Exhibits. | ||||
(d) Exhibits
| Exhibit No. | Description | |||||||
| 10.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within inline XBRL document) | |||||||
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SIGNATURES
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.
| SENSATA TECHNOLOGIES HOLDING PLC | |||||||||||||||||
| /s/ David Stott | |||||||||||||||||
| Date: | December 11, 2025 | Name: David Stott | |||||||||||||||
| Title: Executive Vice President, General Counsel | |||||||||||||||||
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