LCI Industries amends employment agreements for two group presidents
LCI Industries' subsidiary Lippert Components entered into amended and restated employment agreements with Ryan R. Smith and Jamie M. Schnur, effective June 19, 2026. The agreements set severance eligibility upon an Approved Retirement or death, and Mr. Smith's cash severance multiple is reduced from three times to two times base salary and average bonus.
Key points
- Agreements with Ryan R. Smith (Group President, North America) and Jamie M. Schnur (President, Aftermarket & Technology Groups) are effective June 19, 2026.
- Mr. Smith's cash severance multiple falls from three times to two times base salary and average bonus.
- Mr. Smith's severance payment and post-employment restrictive covenant period is reduced from 36 months to 24 months.
- Full agreements are expected to be filed with the next Form 10-Q.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 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 June 23, 2026.
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.