Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
As previously disclosed in an 8-K dated July 20, 2021, Morgan C.S. Kurk stepped
down as executive vice president, chief technology officer and segment leader of
Broadband Networks of CommScope Holding Company, Inc. (the "Company"), effective
July 19, 2021. Following the cessation of Mr. Kurk's employment, the Company and
Mr. Kurk entered into a Separation Agreement, dated August 10, 2021.
In consideration of Mr. Kurk's execution of the Separation Agreement, which
contains a general release of claims, and his continuing compliance with certain
restrictive covenants, Mr. Kurk will receive severance payments equal to one
year's base salary, payable in installments over a one-year period, and his
vested stock options will remain outstanding and exercisable for one year from
his separation date or, if earlier, the original expiration date for such
awards. All of Mr. Kurk's unvested equity awards were forfeited upon cessation
of his employment. Pursuant to the Company's severance policy, if Mr. Kurk
elects to continue healthcare coverage under COBRA, the Company will pay its
portion for such continuing coverage for a period of two months or for such
longer time as required by law. A copy of Mr. Kurk's Separation Agreement is
attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
Exhibit. Description.
10.1 Separation Agreement, dated August 10, 2021, by and between
Morgan C.S. Kurk and CommScope, Inc.
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