Summary
Expand Energy Corp (EXE) has officially detailed the severance agreement with former Executive Vice President, General Counsel, and Corporate Secretary, Benjamin E. Russ, following his removal on October 1, 2024. The company entered into a formal Severance Agreement with Mr. Russ on November 1, 2024, confirming his termination and outlining the compensation and benefits he is entitled to. These benefits are in accordance with the Company's Executive Severance Plan, with modifications noted from a January 2024 letter agreement. The payout is contingent upon Mr. Russ satisfying specific release conditions stipulated in the Severance Agreement. Investors should note that this filing primarily addresses the terms of this separation, rather than any new operational or strategic developments for the company.
Key Highlights
- 1Formal severance agreement finalized with former EVP, General Counsel, and Corporate Secretary, Benjamin E. Russ.
- 2Mr. Russ's termination from Expand Energy Corp was effective November 1, 2024.
- 3Severance package includes cash payments, equity vesting, and other benefits as per the Company's Executive Severance Plan.
- 4Benefits are subject to Mr. Russ fulfilling release conditions outlined in the agreement.
- 5The agreement confirms the terms following Mr. Russ's removal on October 1, 2024.
- 6This filing does not disclose new operational or financial performance information.