AZZ appoints Rhonda Davenport as Chief Human Resources Officer at $375K base salary

For the Company's current fiscal year 2027, Ms. Davenport will have the opportunity to earn an annual cash incentive award under the Company’s Senior Management Bonus Plan (the “STI Plan”), as amended, with a target amount of 70% of her annual salary upon the achievement of certain individual and Company performance metrics, which will be paid on a prorated basis for the remainder of the Company’s fiscal year. She will also receive prorate fiscal year 2027 (“FY2027”) annual equity target awards based upon 70% of her annual base salary, consisting of: (i) 50% performance share units (“PSUs”) that vest and are settled at the end of a three-year performance cycle based upon the achievement of pre-determined performance metrics, and (ii) 50% restricted stock units (“RSUs”) that vest one-third each year, subject to her continued employment through the vesting date

Ms. Davenport is eligible to participate in the AZZ Inc. Executive Officer Severance Plan (the “Severance Plan”) and receive benefits in the event Ms. Davenport’s employment is terminated by the Company without Cause, by Ms. Davenport for Good Reason or in the event of a change in control (each term as defined in the Severance Plan). The Severance Plan provides for severance payments which may include: (i) 24 months of base salary, (ii) accrued paid time off through the date of termination, (iii) a pro-rated annual cash bonus based upon the Company’s actual performance and the number of days of employment in the calendar year of termination, (iv) full vesting of all outstanding time based equity awards that have been , and (v) COBRA continuation coverage for 24 months.

Davenport brings more than 20 years of progressive human resources leadership experience across financial services, technology, consumer services and nonprofit organizations, including multi-site, multi-state and international environments. Most recently, she served as Chief People Officer for Cain Watters & Associates, where she led end-to-end human resources for the organization, provided HR oversight for portfolio companies and a nonprofit organization, and built the HR function to support significant organizational growth.