Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 18, 2021, Thor Industries, Inc. (the "Company") entered into employment agreements (the "Agreements" and each, an "Agreement") with Robert W. Martin, President and Chief Executive Officer, Colleen Zuhl, Senior Vice President and Chief Financial Officer, Todd Woelfer, Senior Vice President, General Counsel and Corporate Secretary, and Kenneth D. Julian, Senior Vice President of Administration and Human Resources. Each Agreement has an initial term expiring on December 31, 2022 and shall automatically renew for successive one-year terms thereafter until terminated in accordance with its terms.

Pursuant to the Agreements, the executive is entitled to receive compensation and benefits established annually by the Board of Directors, reimbursement of reasonable business expenses, and participation in health insurance, retirement, disability insurance and other benefit programs provided to senior executives of the Company, subject to meeting eligibility requirements.

The Agreements provide for certain non-competition, non-solicitation, non-disparagement, and confidentiality undertakings. If an executive's employment is terminated by the Company in connection with a nonrenewal or without cause (as defined in the Agreement), or for reasons other than cause, death, or disability, or is terminated by the executive for good reason (as defined in the Agreement), the executive would generally be entitled to certain severance benefits, including (i) payment of earned, but unpaid, compensation and benefits owing to the executive through and including the termination date, (ii) an amount equal to the total cash compensation (base salary and cash incentive compensation) paid to the executive during the prior two fiscal years of executive's employment in his or her current position, (iii) a fully vested share award equal to the share awards granted to the executive during the last two fiscal years of executive's employment in his or her current position, (iv) payment of COBRA premiums for up to 24 months following termination, and (v) up to 12 months of outplacement services. If the executive's employment is terminated by the Company without cause or by the executive for good reason within 24 months after a change in control (as defined in the Agreement), the executive would be entitled to the benefits described in clauses (ii), (iii) and (iv) for periods of three fiscal years or 36 months, as applicable, rather than the two fiscal years or 24 months specified in those clauses. The Agreements also specify treatment of equity awards under relevant termination scenarios.

The foregoing summary of the Agreements does not purport to be complete and is qualified in its entirety by reference to the form of the Agreements, a copy of which will be filed with the Company's Annual Report on Form 10-K for the period ended July 31, 2021.







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Item 9.01Financial Statements and Exhibits





  (d)  Exhibits

  Exhibit Number                              Description

                   Cover Page Interactive Data File (embedded within the Inline XBRL
  104              document)

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