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AI brief of an SEC Form 8-K · KBR (KBR)

KBR amends severance and change-in-control agreements for six executive officers

Neutral Impact 3 of 5 leadership Written later

On July 10, 2026, KBR entered amended and restated severance and change-in-control agreements with six executive officers, including CEO Stuart Bradie and CFO Shad Evans. The filing says the changes make the terms of 'Good Reason' and 'Cause' more specific and raise the cash severance multiple for officers other than the CEO from 1.0x to 1.5x, which could increase payouts if those officers leave.

Key points

  • Cash severance multiple for executive officers other than the CEO rises from 1.0x to 1.5x of base salary plus target bonus.
  • Good Reason now includes a relocation of the principal office to more than 50 miles away, among other triggers, without the executive's consent.
  • Retirement eligibility adds objective criteria: a sum of age and years of service of 70 or greater, with age at least 55 and five years of service, plus six months' notice.
  • General Counsel Sonia Galindo's agreement has additional provisions, including pro-rata bonus and equity vesting outside a change in control, and is filed as Exhibit 10.2.

The filing

CompanyKBR (KBR)
Form8-K, current report
Filed with the SECJul 10, 2026, 4:30 PM ET
Accession number0001357615-26-000157

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing 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 July 10, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.