Avient Corporation
07/25/2024 | Press release | Distributed by Public on 07/25/2024 08:46
Management Change/Compensation Form 8 K
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Compensatory Agreements of Certain Officers.
On July 25, 2024, Avient Corporation (the "Company") announced that Michael Garratt intended to retire from his position as Senior Vice President, President of Color, Additives & Inks - EMEA. In recognition of his contributions to the Company, and in exchange for a release of claims from Mr. Garratt, an extension of Mr. Garratt's post-employment non-competition and non-solicitation covenants for an additional year, and his commitment to provide transition support, the Board of Directors approved the continued vesting of his outstanding long-term incentive awards, in accordance with the terms of such awards, upon his retirement.