MSC INDUSTRIAL DIRECT CO INC — Form 10-Q
Filed July 1, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 22/100
What the filing says
Effective June 15, 2026, MSC amended its Executive Severance Plan to include the Chief Executive Officer as an eligible participant. The plan provides severance of 24 months base pay plus 24 months benefits subsidy for the CEO upon qualifying termination (job elimination, >50-mile relocation, or ≥20% salary cut). The company also maintains a separate Change in Control Severance Plan providing 2x base pay plus 2x targeted bonus and COBRA subsidies (18 months) for executives terminating within 2 years post-change-in-control. No dollar amounts, specific counterparties, or triggering events disclosed beyond plan mechanics.
Why this rating
Routine plan document amendment; no new liability created or contingency triggered. CEO severance provision standard for peer companies, immaterial relative to $3.7B market cap.
View original filing on SEC.gov ↗
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