Company: MWA
Filing Date: 2025-01-16
Form Type: 8-K
Source: 0001350593-25-000004
Chunk: 1

Company: Mueller Water Products, Inc.
Filing Date: 2025-01-16
Form: 8-K
Item: Item 5.02
Chunk 1
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 receipt of a customary release and other terms, a cash payment in the amount of 1.5 times the sum of her (i) base salary and (ii) Target Bonus (as defined in the Executive Severance Plan), plus a prorated bonus for the year in which the termination occurred and all unvested restricted stock units, performance restricted stock units (at target) and options will vest. Ms. Rasmussen will be eligible for other benefits and perquisites on terms substantially similar to those that apply to other executive officers of the Company, including an executive physical, moving expenses reimbursement in the amount of $75,000, financial planning reimbursement, and participation in the Company’s health, welfare and other benefit plans.

There are no arrangements or understandings between Ms. Rasmussen and any other persons pursuant to which Ms. Rasmussen was selected as an officer, there are no family relationships between Ms. Rasmussen and any director or other officer of the Company, and there are no transactions in which the Company is a party and in which Ms. Rasmussen has a material interest subject to disclosure under Item 404(a) of Regulation S-K.

The foregoing description of the Offer Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Offer Letter, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.