StockWatch
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Industrial Machinery/Components
Management ChangeJul 17, 2026, 09:21 AM

MSC Industrial General Counsel Neal Dongre Transitions to Special Advisor

AI Summary

MSC Industrial announced that Neal Dongre will transition from his role as Senior Vice President, General Counsel, and Corporate Secretary to Special Advisor, effective July 20, 2026. He will remain employed in this advisory capacity until August 31, 2026, to assist with the transition of his duties. In consideration for his continued service and a release of claims, Mr. Dongre will receive his current salary, health benefits, applicable vesting of equity awards, his fiscal year 2026 annual cash performance bonus, and accelerated vesting of certain equity awards.

Key Highlights

  • Neal Dongre transitions from SVP, General Counsel, and Corporate Secretary to Special Advisor.
  • Transition effective July 20, 2026, with employment as Special Advisor until August 31, 2026.
  • Dongre will receive current salary and health benefits until separation date.
  • Eligible for applicable vesting of outstanding equity awards during transition.
  • Will receive annual cash performance bonus for fiscal year 2026.
  • Eligible for accelerated vesting of certain outstanding equity awards.