Sensata Technologies announces CTO transition and $600K severance

Sensata Technologies Holding plc disclosed that its wholly owned subsidiary has entered into a Separation and Release of Claims Agreement with George Verras, Executive Vice President and Chief Technology Officer.

Accepted by SEC EDGAR 12/11/2025 - 04:10 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Sensata Technologies Holding plc disclosed that its wholly owned subsidiary has entered into a Separation and Release of Claims Agreement with George Verras, Executive Vice President and Chief Technology Officer. Under the agreement, Verras will continue in his current role through December 31, 2025, and the company states his departure is not due to any disagreement over operations, policies, or practices.

The agreement provides standard severance benefits under the company’s Severance and Change-in-Control Plan, including $600,000 in cash severance equal to 12 months of base salary, payable in installments over a 12‑month period beginning January 1, 2026. He will also receive a bonus equal to 100% of his average bonuses for 2024 and 2025 paid over the same period, a 2025 annual bonus in a lump sum, and continued health and dental coverage during the severance period, along with customary release, non‑disparagement, and cooperation terms.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive change did Sensata Technologies (ST) announce in this 8-K?

Sensata Technologies reported that George Verras, its Executive Vice President and Chief Technology Officer, entered into a Separation and Release of Claims Agreement and will remain in his role through December 31, 2025.

Is George Verras leaving Sensata Technologies (ST) due to a disagreement?

The company states that Mr. Verras’ departure is not the result of any disagreement with Sensata on matters related to its operations, policies, or practices.

What severance will Sensata’s CTO George Verras receive under the separation agreement?

Mr. Verras will receive $600,000 in cash severance equal to 12 months of base salary, paid in installments over a 12‑month period starting January 1, 2026, plus bonus payments and continued health and dental benefits during the severance period.

How are bonuses handled for Sensata Technologies’ departing CTO?

The agreement provides an amount equal to 100% of Mr. Verras’ average bonus for 2024 and 2025, paid over the severance period, and a 2025 annual bonus payable in a lump sum no later than February 28, 2026, under the company’s Executive Bonus Program.

What benefits will George Verras receive for health coverage after leaving Sensata Technologies?

Mr. Verras will have continued participation in health and dental plans during the severance period, subject to COBRA and other applicable terms.

Does the Sensata Technologies separation agreement with its CTO include other standard provisions?

Yes, the agreement includes customary release of claims, non‑disparagement, cooperation obligations, and requirements for the return of company property.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 __________________________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 8, 2025

__________________________________________ 

SENSATA TECHNOLOGIES HOLDING PLC

(Exact name of Registrant as specified in its charter)

 __________________________________________

England and Wales

001-34652

98-1386780

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

529 Pleasant Street

Attleboro, Massachusetts 02703, United States

(Address of Principal executive offices, including Zip Code)

+1(508) 236 3800

(Registrant's telephone number, including area code) 

Not Applicable

(Former name or former address, if changed since last report)

 __________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of exchange on which registered
Ordinary Shares - nominal value €0.01 per share			ST			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐ 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 8, 2025, Sensata Technologies, Inc., a wholly owned subsidiary of Sensata Technologies Holding plc (the “Company”), entered into a mutually agreed Separation and Release of Claims Agreement (the “Separation Agreement”) with George Verras, Executive Vice President and Chief Technology Officer. Pursuant to the Separation Agreement, Mr. Verras will continue to serve in his current role through December 31, 2025 (the “Separation Date”). Mr. Verras’ departure is not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices.

Under the Separation Agreement, Mr. Verras will receive severance benefits in accordance with the Company’s Severance and Change-in-Control Plan, previously filed as Exhibit 10.10 to the Company’s Quarterly Report on Form 10-Q filed April 29, 2024. These benefits include:

•Cash Severance: An amount equal to 12 months of base salary ($600,000), payable in installments over a 12-month period beginning January 1, 2026 (the “Severance Period”).

•Average Bonus Payment: An amount equal to 100% of Mr. Verras’ average bonus for calendar years 2024 and 2025, payable in installments during the Severance Period.

•2025 Annual Bonus: A lump sum payment for the 2025 annual bonus, determined under the Company’s Executive Bonus Program and payable no later than February 28, 2026.

•Health Benefits: Continued participation in health and dental plans during the Severance Period, subject to COBRA and other applicable terms.

The Separation Agreement also includes customary provisions regarding release of claims, non-disparagement, cooperation, and return of Company property. The foregoing summary is qualified in its entirety by reference to the full text of the Separation Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.						Description
10.1						Separation and Release of Claims Agreement between Sensata Technologies, Inc. and George Verras, dated December 8, 2025.
104						Cover Page Interactive Data File (embedded within inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SENSATA TECHNOLOGIES HOLDING PLC

/s/ David Stott

Date:

December 11, 2025

Name: David Stott

Title: Executive Vice President, General Counsel

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