$MOD (MODINE MANUFACTURING) — 8-K: Modine adopts new executive severance plan; CFO Lucareli gets 1.5x salary plus bonus, 2.5x on change in control

Modine's Human Capital and Compensation Committee adopted the Executive Severance Plan on October 21, 2026, designating CFO Michael B. Lucareli and General Counsel Erin J. Roth as participants, replacing their coverage under the terminated Supplemental Severance Plan. Lucareli receives a 1.5x regular severance multiple and 2.5x change-in-control multiple; Roth receives 1.0x and 2.0x. Regular cash severance equals the multiple times base salary plus target annual bonus, with COBRA premiums covered up to 18 months for Lucareli and 12 months for Roth. Lucareli's 2008 Change in Control and Termination Agreement was terminated, so he receives change-in-control cash severance only under the new plan.

Modine's Human Capital and Compensation Committee adopted the Executive Severance Plan on October 21, 2026, designating CFO Michael B. Lucareli and General Counsel Erin J. Roth as participants, replac