ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
(e) Material Amendment of Compensatory Arrangements of Certain Named Executive Officers
On
•The Committee increased the annual base salary of
•The Committee increased the annual base salary of
•For each of Messrs. Isom and Kerr, their target long-term incentive was reduced commensurately with the increases in base salary described above.
The compensation payable to all named executive officers, including Messrs. Isom and Kerr, remains limited by, and is in compliance with, the provisions of the CARES Act and related limitations imposed by the federal government. As a result, the named executive officers, including Messrs. Isom and Kerr, are ineligible to receive any increase in overall compensation until these restrictions and limitations expire.
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