Corporate GovernanceJun 4, 2026, 04:17 PM
Interface Amends Executive Bonus Plan, Raises Max Bonus to $3.0M
AI Summary
Interface, Inc. announced amendments to its Executive Bonus Plan, approved by the Compensation & Talent Development Committee on June 2, 2026. The changes include an increase in the maximum annual bonus payable to participants from $1.85 million to $3.0 million. Additionally, the amended plan stipulates that participants terminated for "cause" by March 15 of the subsequent year will forfeit any bonus payment for the applicable performance period.
Key Highlights
- Interface's Executive Bonus Plan maximum annual bonus increased from $1.85 million to $3.0 million.
- Participants terminated for "cause" on or before March 15 of the following year will forfeit bonus payments.
- The amendments were approved by the Compensation & Talent Development Committee on June 2, 2026.
Price Impact
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