Company: BCO
Filing Date: 2025-07-18
Form Type: 8-K
Source: 0000078890-25-000234
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Company: BRINKS CO
Filing Date: 2025-07-18
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.  

Given the focus by the Board of Directors (the “ Board”) of The Brink’s Company (the “ Company”) on emphasizing retention and ensuring appropriate and seamless succession planning in accordance with the strategy and direction of the Company, the Company entered into a letter agreement with Mark Eubanks, President and Chief Executive Officer ("CEO") of the Company, that primarily provides him with certain vesting treatment for his future annual equity awards, performance stock units and Company Match Units (as defined and further described below).

Letter Agreement with Mark Eubanks

On July 17, 2025, the Company and Mr. Eubanks executed a Letter Agreement Regarding Certain Treatment of Equity Awards and Company Match Units (the “ Letter Agreement”). The Letter Agreement provides that:

• Upon an involuntary termination of Mr. Eubanks’ employment by the Company without Cause (as defined in The Brink’s Company Key Employees’ Deferred Compensation Program (the “ Program”)) prior to September 7, 2026, any then-unvested Company-paid matching contributions in the form of Company stock units (“ Company Match Units”) credited to his account under the Program will accelerate and vest in full as of his termination date, and such Company Match Units will be payable in accordance with the terms of the Program and any applicable underlying deferral election. Company Match Units are otherwise generally subject to vesting over five years based on continued service.