Company: LEU
Filing Date: 2025-08-08
Form Type: 8-K
Source: 0001065059-25-000061
Chunk: 1

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-08
Form: 8-K
Item: Item 5.02
Chunk 1
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, contingent upon his employment, a 2025 annual cash incentive award target equal to 80% of his base salary, prorated based on the first day of his employment, similar to the annual cash incentive awards received by other executive officers of the Company and subject to the terms and conditions of the EIP, the Company’s 2014 Plan and the applicable award agreement. For more information regarding the EIP, see the Company’s Definitive Proxy Statement for the 2025 Annual Meeting of Shareholders filed with the Securities and Exchange Commission on April 25, 2025.

Additionally, the CN& G Committee granted Mr. Tinelli, contingent upon his employment, (i) an award of the Company’s Class A Common Stock valued at $100,000 and (ii) an award of restricted stock units valued at $300,000, vesting in three equal annual installments beginning on the first anniversary date of his employment, in each case contingent upon his employment.

Mr. Tinelli will also be eligible to participate in the Company’s benefit plans that are generally available to executive officers of the Company including the Company’s Executive Severance Plan. Mr. Tinelli’s continued employment with the Company is contingent on his obtaining within 18 months, and maintaining, a U. S. Department of Energy “ Q” security clearance.

In connection with his employment, Mr. Tinelli and the Company will enter into the Company’s standard indemnification agreement and standard change in control agreement. The form of indemnification agreement was filed as Exhibit 10.77 to the Company’s annual report on Form 10-K for the year ended December 31, 2014, which was filed with the Securities and Exchange Commission on March 16, 2015. The form of change in control agreement was filed as Exhibit 10.3 to the Company’s current report on Form 8-K, which was filed with the Securities and Exchange Commission on January 16, 2013.

There is no arrangement or understanding with any person pursuant to which Mr. Tinelli is being appointed as Senior Vice President, Chief Financial Officer and Treasurer. There are no family relationships between Mr. Tinelli and any director or executive officer of the Company, and he is not a party to any transaction requiring disclosure under Item 404(a) of Regulation S-K.

Item 7.01 Regulation FD Disclosure