HARSCO CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits - Insurance News | InsuranceNewsNet

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May 24, 2022 Newswires
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HARSCO CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

Edgar Glimpses

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

On May 23, 2022, Harsco Corporation (the "Company") announced that Wendy
Livingston
, Senior Vice President and Chief Human Resources Officer, is leaving
the Company to pursue other opportunities closer to her family. Her last day
with the Company will be June 10, 2022.

On May 18, 2022, the Company entered into a Separation Agreement and General
Release (the "Separation Agreement") with David Stanton.

Under the Separation Agreement, Mr. Stanton will be entitled to receive four
quarterly gross payments of $88,891, payable, less amounts previously paid, on
the first full pay period after each of the following dates: July 1, 2022,
October 1, 2022, January 1, 2023, and April 1, 2023. Mr. Stanton is also
entitled to health insurance premiums for the continuation of health insurance
coverage under COBRA for Mr. Stanton, his spouse, and covered dependents for a
period of up to seven months. All payments and benefits to which Mr. Stanton is
entitled under the Separation Agreement are subject to tax withholding, as
applicable.

In consideration of the payments and benefits provided under the Separation
Agreement, Mr. Stanton is subject to certain non-disparagement and
confidentiality provisions and agreed to enter into a general release of claims
against the Company.

The foregoing description of the terms and conditions of the Separation
Agreement is merely a summary of the material terms of the Separation Agreement
and is qualified in its entirety by reference to the full text of the Separation
Agreement.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits

                                 Exhibit Index

Exhibit
  No.       Description

10.1          Separation Agreement and General Release between the Company and
            David Stanton

104         Cover Page Interactive Data File (formatted as inline XBRL).



                                      (2)

--------------------------------------------------------------------------------

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