The Scotts Miracle-Gro Company entered into a separation agreement with Christopher J. Hagedorn, former Executive Vice President and Chief Strategy Officer, upon his departure on September 30, 2026. The settlement provides severance pay equal to 24 months of base salary, outplacement services for up to 12 months, and COBRA premium offset payments for two years. Hagedorn is also entitled to a bonus amount equal to 2.0 times his target bonus opportunity, payable in two installments over the next two years subject to restrictive covenants. Unvested equity awards were forfeited, while specific performance units vested on schedule and options expired or lapsed. The company operates in the consumer lawn and garden market.
