An announcement from QXO Inc (QXO) is now available.
QXO, Inc. has set up a Severance Plan offering financial security to key executives, including its Interim CFO Sean Smith and Chief Legal Officer Christopher Signorello, in the event of job termination under specific conditions. The plan includes up to double the annual salary and target bonus, healthcare benefits, and a reduced payout to avoid excise taxes in case of a company control change. Additionally, Sean Smith’s new role compensation consists of a $475,000 base salary, potential bonuses, and a long-term incentive of restricted stock units, alongside non-compete and confidentiality agreements to safeguard the company’s interests post-employment.
For detailed information about QXO stock, go to TipRanks’ Stock Analysis page.
