Change in its leaders or board (Item 5.02)
New leaders or board members can bring a change in strategy.
In the company's words(the “Company”) approved an amendment and restatement of Steven J. Demetriou’s, the Executive Chair of the Amentum Holdings Board of Directors, employment agreement with the Company (the “Employment Agreement”). The Employment Agreement, the initial term of which ended on September 27, 2026, will continue until terminated by the Company or Mr. Demetriou. Under the Employment Agreement, effective September 28, 2026, Mr. Demetriou’s base salary is $625,000 while his bonus/short-term incentive is 100% of his base salary. In addition, his long-term incentive (LTI) opportunity is a total intended target value at grant of $1,250,000. The Employment Agreement was amended to …