Company: LEU
Filing Date: 2025-08-22
Form Type: 8-K
Source: 0001065059-25-000081
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Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-22
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

As previously disclosed by the Company on a current report on Form 8-K filed with the Securities and Exchange Commission on August 8, 2025, Kevin J. Harrill resigned as the Senior Vice President, Chief Financial Officer and Treasurer of Centrus Energy Corp. (the “ Company”) effective August 10, 2025. Mr. Harrill has agreed to continue his employment with the Company until August 29, 2025 in order to facilitate a smooth transition of duties to his successor. During this transition period, Mr. Harrill will continue to receive his current compensation. In connection with his resignation and continued employment, the Company and Mr. Harrill entered into a Waiver and Release Agreement, effective on August 21, 2025, pursuant to which the Company agreed to pay Mr. Harrill a cash payment of $608,344, a pro rata portion of his 2025 cash incentive award, which will be in a minimum amount of $159,120 (subject to an increase, if any, based on actual Company performance for 2025), and health insurance premiums for one year in exchange for a general waiver and release of all claims. The Company agreed to accelerate an aggregate of 5,722 outstanding unvested performance based restricted stock units held by Mr. Harrill so long as Mr. Harrill remains employed by the Company through August 29, 2025 and performs satisfactory service as an advisor to the Company during the transition period.

The foregoing description of the Waiver and Release does not purport to be complete and is qualified in its entirety by reference to the full text of the Waiver and Release, a copy of which is expected to be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending September 30, 2025.

On August 22, 2025, Stephanie O’ Sullivan tendered her written resignation, effective August 22, 2025, from her position as a member of the Board of Directors of the Company (the “ Board”). Ms. O’ Sullivan’s departure from the Board is not the result of any dispute or disagreement with the Company or the Board on any matter relating to the Company’s operations, policies, or practices.

Item 9.01 Financial Statements and Exhibits