EnerSys
For the period ended Mar 31, 2025. Filed May 21, 2025.
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FY2025 · Filed May 21, 2025
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Item 9B. Other Information
| ITEM 9B. | OTHER INFORMATION |
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As previously disclosed, Joern Tinnemeyer, EnerSys’ former Chief Technology Offer, separated from employment with EnerSys on March 26, 2025 (the “Separation Date”). On April 15, 2025, EnerSys and Mr. Tinnemeyer entered into a Wage Continuation Agreement and Waiver and Release of Claims (the “Separation Agreement”), which provides, among other things, (a) continuation of his then current base salary for 34 weeks following the Separation Date, (b) continued eligibility to receive any payment under EnerSys’ Management Incentive Plan for the year ended March 31, 2025, (c) if elected, payment of the same amount of premium for benefit coverage to be provided under COBRA for a period of up to 34 weeks following the Separation Date, (d) a release by Mr. Tinnemeyer in favor of EnerSys, (e) restrictive covenants by Mr. Tinnemeyer in favor of EnerSys related to non-competition, non-solicitation and confidentiality. The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation
Agreement, a copy of which is attached hereto as Exhibit 10.39 to this Annual Report on Form 10-K and is incorporated herein by reference.
10b5-1 Plans
During the quarter ended March 31, 2025, none of our directors or officers (as defined in Section 16 of the Securities Exchange Act of 1934, as amended)adopted orterminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” (each as defined in Item 408(a) and (c) of Regulation S-K).
| ITEM 9C. | DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS |
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Not applicable.
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