Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
In
In connection with the restructuring of the 2022 ICP, the Company's named executive officers have recommended the following changes to their target annual incentive opportunity for 2022, which the Committee agreed to adopt for the 2022 ICP onJune 16, 2021 : Annual Target Bonus Opportunity (As Percent of Salary) Name 2021 2022 Clay C. Williams 140 % 125 % Jose A. Bayardo 95 % 85 % Joseph W. Rovig 95 % 85 % Craig L. Weinstock 95 % 85 % Scott K. Duff 90 % 80 %
No other changes have been made to the compensation arrangements of the Company's named executive officers.
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