Atlantic International Corporation has appointed Kevin J. Murphy, CPA, as Chief Financial Officer under a new executive employment agreement effective February 2, 2026. Murphy will receive a base salary of $375,000 per year and is eligible for a performance-based annual bonus of $200,000, contingent on mutually agreed performance goals. He has been granted 400,000 stock options, vesting over four years, with 25% vesting on the first anniversary and the remainder in three equal annual installments, subject to continued employment. The initial term of the agreement is one year, automatically extending for additional one-year periods unless terminated with at least sixty days’ notice. An additional equity grant will be considered in August 2026, subject to board approval. In the event of a change of control, all unvested equity will immediately vest and all performance bonuses will become payable.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Atlantic International Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001605888-26-000004), on February 03, 2026, and is solely responsible for the information contained therein.