Luxfer signs amended executive severance, change-in-control agreements with top officers

Luxfer Holdings PLC

Luxfer Holdings PLC

LXFR

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  • Luxfer entered executive severance and change in control agreements on May 1, 2026 with CEO Andrew Butcher, CFO Stephen Webster, Howard Mead, Jeffrey Moorefield.
  • Termination payments and benefits largely align with existing arrangements described in April 30, 2026 proxy disclosure.
  • Covenant terms were revised to add notice-period responsibilities and require reasonable assistance, while removing non-competition obligations; non-solicitation was also removed for Butcher and Mead.
  • For Mead and Moorefield, “Change in Control Termination” was expanded to cover qualifying terminations within two years of a disposition of more than 75% of primary division assets or equity to an unrelated party, as determined by board.


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