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Executive Change

Filed Oct 6, 2023 · 2y ago · Accession 0000062996-23-000036

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC  20549 FORM  8-K  CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of report (Date of earliest event reported): October 3, 2023 Masco Corporation (Exact name of Registrant as Specified in Charter) Delaware 1-5794 38-1794485 (State or Other Jurisdiction of Incorporation or Organization) (Commission File Number) (I.R.S. Employer Identification No.) 17450 College Parkway, Livonia, Michigan 48152 (Address of Principal Executive Offices) (Zip Code) (313) 274-7400 (Registrant’s telephone number, including area code)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 40.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 40.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $1.00 par value MAS New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). ☐ Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) Masco Corporation (the “Company”) entered into an agreement with Mr. David A. Chaika on October 3, 2023 in connection with transition services he has agreed to provide to the Company through April 30, 2024. Pursuant to the agreement, Mr. Chaika will be entitled to the following, provided he remains employed with the Company through April 30, 2024 and complies with the terms of the agreement: (i) a cash payment of $750,450, (ii) continued vesting of Mr. Chaika’s previously-awarded unvested restricted stock units in accordance with their normal vesting schedule, and (iii) extension of the right to exercise the vested portion of his stock options to 90 days following his termination date (subject to the maximum term for the option). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.   MASCO CORPORATION   By: /s/ Kenneth G. Cole   Name: Kenneth G. Cole   Title: Vice President, General Counsel and Secretary              October 6, 2023
Filing details
Ticker
MAS
CIK
62996
Form type
8-K
Filing date
Oct 6, 2023
Report date
Oct 3, 2023
Document
mas-20231003.htm
Size
144 KB