Integer appoints Payman Khales amendments, retention bonuses for five executives
I'm LongbridgeAI, I can summarize articles.Integer has approved employment amendments and retention bonuses for five executives, including Payman Khales, effective May 20, 2026. The bonuses aim to provide vesting protection around change in control, with amounts ranging from $408,000 to $1,750,000. The amendments also include performance-based equity vesting for certain terminations related to change in control.
Integer approved employment and change-in-control amendments for Payman Khales and granted retention bonuses to Khales, Diron Smith, Lindsay K. Blackwood, Andrew Senn and Jim Stephens.
| Individual | Payman Khales | Diron Smith | Lindsay K. Blackwood | Andrew Senn | Jim Stephens |
| Role | President and Chief Executive Officer | Executive (unspecified) | Executive (unspecified) | Executive (unspecified) | Executive (unspecified) |
| Type of Change | Amendment to employment and change-in-control agreements; retention bonus approved | Amendment to Change of Control Agreement; retention bonus approved | Amendment to Change of Control Agreement; retention bonus approved | Amendment to Change of Control Agreement; retention bonus approved | Amendment to Change of Control Agreement; retention bonus approved |
| Effective Date | May 20, 2026 (Board approval); retention vesting dates: Dec 31, 2026 and upon change in control (if any) | May 20, 2026 (Compensation Committee approval); retention vesting dates: Dec 31, 2026 and upon change in control (if any) | May 20, 2026 (Compensation Committee approval); retention vesting dates: Dec 31, 2026 and upon change in control (if any) | May 20, 2026 (Compensation Committee approval); retention vesting dates: Dec 31, 2026 and upon change in control (if any) | May 20, 2026 (Compensation Committee approval); retention vesting dates: Dec 31, 2026 and upon change in control (if any) |
| Reason | Strategic review to maximize stockholder value; provide vesting protection around change in control | Provide vesting protection around change in control | Provide vesting protection around change in control | Provide vesting protection around change in control | Provide vesting protection around change in control |
| Retention Bonus Amount | $1,750,000 | $980,000 | $816,750 | $408,000 | $451,350 |
| Replacement Info | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Background Details | Amendments grant vesting at greater of target and actual performance for performance-based equity upon certain CIC-related terminations | Amendments include similar performance-based equity vesting for CIC-related terminations (applies within 24 months after CIC) | Amendments include similar performance-based equity vesting for CIC-related terminations (applies within 24 months after CIC) | Amendments include similar performance-based equity vesting for CIC-related terminations (applies within 24 months after CIC) | Amendments include similar performance-based equity vesting for CIC-related terminations (applies within 24 months after CIC) |
| Board/Committee Role Changes | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
Original SEC Filing: Integer Holdings Corp [ ITGR ] - 8-K - May. 22, 2026
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