Amentum adopts executive severance plan and employment agreements with four executives
Amentum Holdings approved a Key Employee Severance Plan, new equity award agreements, and employment agreements with Steven J. Demetriou, John E. Heller, Stephen Arnette and Travis B. Johnson, effective November 6, 2024. The filing sets out severance multiples, change-in-control protections and an initial two-year term for Mr. Demetriou as Executive Chair with a $1,250,000 base salary, and the text is cut off before the remaining agreement terms.
Key points
- Severance Plan effective November 6, 2024; severance multiplier is 1.5 for the CFO and COO and 1 for other participants
- Change-in-control protection covers involuntary terminations from three months before to 24 months after a change in control
- Equity awards would vest in full on an involuntary termination during a change in control, with performance conditions deemed met at target
- Mr. Demetriou's Executive Chair initial term runs two years from September 27, 2024, with a $1,250,000 annual base salary
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 13, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.