Company: MWA
Filing Date: 2025-11-06
Form Type: 8-K
Source: 0001350593-25-000057
Chunk: 2

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-06
Form: 8-K
Item: Item 5.02
Chunk 2
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Andrew will be entitled to, among other benefits and subject to receipt of a customary release and other terms, a cash payment equal to 300% of his base salary, plus a prorated bonus for the year in which the termination occurred. If the termination without Cause or for Good Reason occurs within two years of a Change in Control (as defined in the Executive Severance Plan), Mr. McAndrew will be entitled to, among other benefits and subject to receipt of

a customary release and other terms, a cash payment equal to 300% of the sum of his (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.

Mr. McAndrew also 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 annual car allowance, reimbursement for financial planning services, and participation in the Company’s health, welfare and other benefit plans.

Mr. McAndrew will also be nominated by the Company’s Board to join the Board at the annual shareholders’ meeting.

There are no family relationships between Mr. McAndrew and any Company director or executive officer, and no arrangements or understandings between Mr. McAndrew and any other person pursuant to which he was selected as an officer. Since October 1, 2024, there have been no transactions, and there are no currently proposed transactions, to which the Company was or is a participant and in which Mr. McAndrew had or is to have a direct or indirect material interest that would require disclosure pursuant to Item 404(a) of Regulation S-K.

The foregoing description of the Letter Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Letter Agreement, a copy of which is filed as Exhibit 10.2 to this Current Report on Form 8-K.