Amentum Holdings, Inc. filed an 8-K report on September 28, 2026, announcing an amendment and restatement of the employment agreement for Steven J. Demetriou, who serves as the Executive Chair of the Board of Directors. The initial term of the agreement ended on September 27, 2026, and the amended agreement is effective as of September 28, 2026.
Under the terms of the amended agreement, Mr. Demetriou’s base salary is set at $625,000. His bonus and short-term incentive opportunity is calculated at 100% of his base salary. Additionally, his long-term incentive (LTI) opportunity is set at a total intended target value at grant of $1,250,000.
The filing indicates that the Employment Agreement was amended to remove severance obligations. However, the amendment includes a provision allowing Mr. Demetriou to receive a pro-rata bonus and full accelerated vesting of any outstanding long-term incentive awards if his employment is terminated.
