Analyst Summary
- Eastman Chemical Company and Brad A. Lich entered into a severance agreement on March 10, 2025.
- Mr. Lich will be eligible for severance benefits if terminated without cause or resigns for ‘good reason’ after March 1, 2027.
- Severance benefits include a $2 million cash payment plus any other eligible severance amounts and up to four months of continued healthcare coverage paid by the Company.
- Payments and benefits are contingent on Mr. Lich’s compliance with restrictive covenants and providing a general release of claims.