Company: NEOG
Filing Date: 2025-10-30
Form Type: 8-K
Source: 0001193125-25-257565
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Company: NEOGEN CORP
Filing Date: 2025-10-30
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 30, 2025, Neogen Corporation (the “ Company”) announced the appointment of Bryan Riggsbee as Senior Vice President and Chief Financial Officer, effective November 3, 2025. Mr. Riggsbee will report directly to Mike Nassif, President and Chief Executive Officer.

Compensatory Arrangements

In connection with Mr. Riggsbee’s appointment, the Compensation & Talent Management Committee of the Board of Directors approved the following compensation arrangements:

Base Salary: An annual base salary of $600,000.

Annual Bonus: Eligible to participate in the Company’s Incentive Compensation Plan (“ ICP”), with a target bonus opportunity equal to 80% of annual base salary. The ICP measures both Company financial metrics and personal performance with an opportunity between 0 - 250% of the target. For Fiscal Year 2026, Mr. Riggsbee will be eligible for the full year (no proration).

Long-Term Incentive Plan: Eligible for an annual grant of equity with a target of $2,000,000 in value at grant with a composition as approved by the Compensation & Talent Management Committee.

Sign-On Equity Grant: Mr. Riggsbee will receive a special, one-time equity inducement grant of $2,250,000, comprised of 50% stock options with a three-year ratable vesting schedule and 50% performance share units (“ PSUs”) aligned with the Company’s FY26 PSU Plan.

Sign-On Cash Award: Mr. Riggsbee will receive a one-time cash award of $250,000 to be paid by December 31, 2025, which he will be required to repay the Company if his employment terminates within one year.

Relocation: Mr. Riggsbee will relocate to Michigan within twenty-four (24) months of service and will receive reasonably and customary relocation benefits, including reasonable and customary realtor fees and closing costs related to the sale of his current home and the purchase of a new home, expenses related to the movement of household goods, and two (2) house hunting trips. Mr. Riggsbee will be required to repay 100% of these relocation benefits if he terminates his service within one (1) year of relocating to Michigan and 50% if he terminates his service within two (2) years of relocating