Elmet Group Co. — Form 10-Q

Elmet Group adopted two board-approved severance policies effective April 17, 2026: (1) Executive Severance Policy covering non-Change-in-Control terminations, providing the CEO with 1× base salary, prorated bonus, and 12 months COBRA; other covered executives receive 0.5× base salary, prorated bonus, and 6 months COBRA; and (2) Executive Change in Control Severance Policy providing double-trigger protection (qualifying termination during 12-month protection period post-Change in Control), with 1× base salary + 1× target bonus, prorated bonus, and 12 months COBRA, plus full acceleration of unvested equity at target performance. Both policies condition payments on signed releases and compliance with restrictive covenants. No dollar amounts or specific executive names are disclosed.