James Hardie Industries Sets Out 'Golden Parachute' Compensation for AZEK Executives; Shares Rise 3%

MT Newswires Live

May 30, 2025

James Hardie Industries (ASX:JHX) set out the merger-related, or "golden parachute", compensation payable to executive officers of AZEK who lose their jobs without "cause" or "good reason", according to a Friday Australian bourse filing.

James Hardie Industries seeks to acquire the US outdoor building products maker Azek for $8.75 billion.

It filed a prospectus with the US Securities and Exchange Commission. The price of AZEK common stock is assumed to be $49.17, and the closing date is assumed to be Sept. 30, under the prospectus.

It set out a compensation of $19.4 million for AZEK chief executive Jesse Singh, $3.5 million for chief financial officer Ryan Lada, $6.2 million for president, residential and commercial, Jonathan Skelly, $3.7 million for chief marketing officer Samara Toole, and $4.2 million for chief legal officer and secretary Morgan Walbridge.

Its shares rose 3% in recent trading on Friday.

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The price of AZEK common stock is assumed to be $49.17, and the closing date is assumed to be Sept. 30, under the prospectus.</p><p>It set out a compensation of $19.4 million for AZEK chief executive Jesse Singh, $3.5 million for chief financial officer Ryan Lada, $6.2 million for president, residential and commercial, Jonathan Skelly, $3.7 million for chief marketing officer Samara Toole, and $4.2 million for chief legal officer and secretary Morgan Walbridge.</p><p>Its shares rose 3% in recent trading on Friday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7044","symbol_name":"建筑材料","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2539103902","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539103902","pubTimestamp":1748585076,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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