The press release from Rockwell Automation, Inc. outlines a Change of Control Agreement between the company and its executive, Blake D. Moret, dated as of September 30, 2025.
During the Protected Period, defined as commencing on the Effective Date and ending on the second anniversary of such date, the executive's position, authority, duties, and responsibilities will be at least commensurate with those held in the 120-day period immediately preceding the Effective Date.
The executive's annual base salary during the Protected Period will be at least equal to twelve times the highest monthly base salary paid or payable in the twelve months immediately preceding the Effective Date. This salary will be reviewed no more than 12 months after the last salary increase awarded to the executive prior to the Effective Date and thereafter at least annually.
In addition to the annual base salary, the executive will be awarded an annual bonus in cash at least equal to the executive’s target bonus under the Company’s annual incentive plan in effect immediately prior to the Effective Date. The executive will also be entitled to participate in all incentive, savings, and retirement plans, as well as welfare benefit plans, and receive prompt reimbursement for all reasonable expenses incurred during the Protected Period.
The agreement also stipulates that in the event of a Change of Control, the executive's termination of employment by the Company other than for Cause, Death, or Disability or by the Executive for Good Reason, would entitle the Executive to certain benefits.
This agreement aims to ensure the continued dedication of the executive and provide competitive compensation and benefits arrangements upon a Change of Control. As a result of these announcements, the company's shares have moved 0.2% on the market, and are now trading at a price of $349.40. Check out the company's full 8-K submission here.
