Middleby adopts Executive Severance Plan with 3x multiple for CEO, 1-2x for NEOs

Filed May 26, 2026 · Period ending May 20, 2026 · ~1 min read

Key Changes

• medium

  CEO receives 3.00x base salary plus target bonus upon termination without cause, the highest tier in the new plan and applicable regardless of change in control timing.

  Item 5.02 verify on EDGAR →
• medium

  Named executive officers (CFO, CTO, CCO, CDO) receive 1.00x base plus target bonus for standard terminations without cause, escalating to 2.00x if terminated within 24 months of a change in control.

  Item 5.02 verify on EDGAR →
• low

  Company amended and restated its Value Creation Incentive Plan (originally adopted 2011), maintaining performance-based cash bonuses for executives with criteria set by the Compensation Committee.

  Item 5.02 verify on EDGAR →