Friedman Industries ( (FRD) ) has provided an announcement.
Friedman Industries has introduced a Change of Control Severance Plan, offering key employees a substantial one-time bonus if their employment is terminated without cause around a change in control. The plan includes a multiplier of their salary and bonuses, with the CEO receiving a multiplier of three and the CFO two, plus added benefits like health plan contributions and outplacement services.
For a thorough assessment of FRD stock, go to TipRanks’ Stock Analysis page.
Trending Articles
- The Intel (NASDAQ:INTC) “Coffee Debacle” Is Now Solved
- Boeing (NYSE:BA) Pays Furloughed Workers After Strike
- A Mixed Future Leaves Airbnb (NASDAQ:ABNB) Investors Shaken
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
