Latham Group, Inc.
For the period ended Jun 28, 2025. Filed Aug 6, 2025.
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Jun 28, 2025 · Filed Aug 6, 2025
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Item 5. Other Information
Amended and Restated Officer Severance Plan
On August 1, 2025, the Compensation Committee of the Board approved the Latham Pool Products, Inc. Amended and Restated Officer Severance Plan (the “Amended and Restated Officer Severance Plan”), which supersedes and replaces the Latham Pool Products, Inc. Officer Severance Plan (the “Officer Severance Plan”) initially adopted by the Company effective June 28, 2023. The Amended and Restated Officer Severance Plan extends the term of the Officer Severance Plan to December 31, 2026, and thereafter, automatically renews at the end of each calendar year for successive one-year terms unless amended or otherwise terminated by the Administrator (as defined in the Amended and Restated Officer Severance Plan) after December 31, 2026, with at least twelve months prior written notice. The terms of the Amended and Restated Officer Severance Plan otherwise does not materially differ from the Officer Severance Plan.
The foregoing description of the Amended and Restated Officer Severance Plan is not complete and is qualified in its entirety by reference to the full and complete text of the Amended and Restated Officer Severance Plan, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 27, 2025.
Rule 10b5-1 Trading Plans – Directors and Section 16 Officers
During the fiscal quarter ended June 28, 2025, none of the Company’s directors or Section 16 officers adopted orterminated (i) any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act or (ii) any “non-Rule 10b5-1 trading arrangement.”
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