Company: KEQU
Filing Date: 2025-07-07
Form Type: DEF 14A
Source: 0001140361-25-025051
Chunk: 22

Company: KEWAUNEE SCIENTIFIC CORP /DE/
Filing Date: 2025-07-07
Form: DEF 14A
Chunk 22
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,730,960 |
| Donald T. Gardner III             |     |                        |     |                                |
| Base salary                       |     |               $363,350 |     |                       $726,700 |
| Annual bonus                      |     |                      — |     |                        363,350 |
| Medical & disability insurance(3) |     |                 19,251 |     |                              — |
| Total                             |     |               $382,601 |     |                     $1,090,050 |
| Douglas Batdorff                  |     |                        |     |                                |
| Base salary                       |     |               $258,583 |     |                       $258,583 |
| Annual Bonus                      |     |                      — |     |                         90,504 |
| Medical & disability insurance(3) |     |                  6,399 |     |                              — |
| Total                             |     |               $264,982 |     |                       $349,087 |

| (1) | Amounts listed in this column are consistent with the Company’s historical severance practices, consisting of annual base salary and the Company’s share of premiums for medical coverage. |

| (2) | Amounts listed in this column represent amounts payable to each of Mr. Hull, Mr. Gardner and Mr. Batdorff pursuant to the terms of his respective change of control agreement with the Company in effect at April 30, 2025. |

| (3) | Represents the Company’s share of premiums for medical coverage during the relevant periods. |

16

AGREEMENTS WITH CERTAIN EXECUTIVES The Company entered into Change of Control Employment Agreements (i) with Mr. Hull as of November 2, 2015; (ii) with Donald T. Gardner, III, Vice President - Finance, Chief Financial Officer, Treasurer and Secretary in fiscal year 2019; and (iii) with Douglas Batdorff, Vice President of Manufacturing, in fiscal year 2022 (collectively, the “Agreements”). These Agreements provide for the payment of compensation and benefits in the event of termination of the executive officer’s employment within three years following a Change of Control of the Company, as defined in the Agreements. Each executive officer whose employment is so terminated will receive compensation if the termination of his or her employment was by the Company or its successor without Cause, or by the executive officer for Good Reason, each as described below and defined in the Agreements. Upon such a termination