The New York Times Company has adopted a new Executive Severance Plan, approved by the Board’s Compensation Committee on January 15, 2026. The plan establishes a standardized framework for severance arrangements for key executives, excluding President and CEO Meredith Kopit Levien, who remains covered under the terms of her existing employment agreement. As part of an amendment to her agreement, Ms. Kopit Levien is now entitled to a lump sum cash payment equal to two times her target annual bonus under the company’s annual incentive plan if her employment is terminated. The amendment also includes provisions that limit certain payments to avoid excess parachute taxes, ensuring that the total after-tax benefit to the executive is maximized. Both the new Severance Plan and the amendment to the CEO’s agreement were developed with input from independent compensation consultants and legal advisors.
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. The New York Times Company 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: 0000071691-26-000003), on January 21, 2026, and is solely responsible for the information contained therein.
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