DLH Holdings Corp. announced a new employment agreement with its Chief Executive Officer and President, Zachary C. Parker, effective October 1, 2025. Under the terms of the agreement, Mr. Parker will receive an initial annual base salary of $750,000, with eligibility for an annual bonus targeted at 100% of his base salary based on performance objectives. He is also eligible for equity or performance awards under the company's long-term incentive plans, with the first such award having a target value of 250% of his base salary. The agreement is set for an initial three-year term, expiring September 30, 2028, and will automatically renew for additional one-year terms unless terminated earlier. In the event of termination without cause or for good reason, Mr. Parker would be entitled to a severance payment equal to 24 months of base salary, continued health benefits for up to 18 months, and accelerated vesting of equity awards.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DLH Holdings Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000785557-25-000141), on October 02, 2025, and is solely responsible for the information contained therein.
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