Interface updates executive bonus plan limits
Interface, Inc. amended its Executive Bonus Plan, increasing the maximum annual bonus per participant from $1.85 million to $3.0 million.
Rhea-AI Filing Summary
Interface, Inc. amended its Executive Bonus Plan, increasing the maximum annual bonus per participant from $1.85 million to $3.0 million. The change gives the company more room to award higher performance-based cash bonuses to senior leaders.
The plan now also states that any participant terminated for “cause” on or before March 15 following the performance period will forfeit the bonus for that period, even if employed through the entire performance year. The full amended plan is filed as Exhibit 10.1.
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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.
Key Figures
New max annual bonus: $3.0 million
Prior max annual bonus: $1.85 million
Forfeiture cut-off date: March 15
+1 more
4 metrics
New max annual bonus
$3.0 million
Maximum bonus per participant under Amended Executive Bonus Plan
Prior max annual bonus
$1.85 million
Previous maximum bonus per participant before amendment
Forfeiture cut-off date
March 15
Termination for cause on or before this date forfeits prior-year bonus
Approval date
June 2, 2026
Compensation & Talent Development Committee approval of Amended Plan
Key Terms
Executive Bonus Plan, Compensation & Talent Development Committee, terminated for “cause”, performance period, +1 more
5 terms
Executive Bonus Plan financial
"approved amendments to the Interface, Inc. Executive Bonus Plan (as amended, the “Amended Plan”)."
Compensation & Talent Development Committee financial
"the Compensation & Talent Development Committee of the Board of Directors of Interface, Inc. approved amendments"
terminated for “cause” financial
"provides that a participant who is terminated for “cause” (as defined in the Amended Plan)"
performance period financial
"following the end of the applicable performance period will forfeit any bonus payment"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
Exhibit 10.1 regulatory
"a copy of which is attached hereto as Exhibit 10.1 and hereby incorporated by reference."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What change did Interface (TILE) make to its Executive Bonus Plan?
Interface increased the maximum annual bonus under its Executive Bonus Plan to $3.0 million per participant. The amendment gives the company more flexibility to deliver larger performance-based cash awards to executives when targets are met, subject to the plan’s terms and committee discretion.
How did Interface (TILE) change the maximum executive bonus amount?
The maximum annual bonus per participant was raised from $1.85 million to $3.0 million. This higher ceiling allows the Compensation & Talent Development Committee to grant larger bonuses when justified by performance, while still operating within the structured limits of the amended plan.
What happens to Interface (TILE) executives terminated for cause under the Amended Plan?
Executives terminated for “cause” on or before March 15 following a performance period will forfeit any bonus for that period. This applies even if they worked through the entire performance year, strengthening the company’s ability to deny payouts after serious misconduct findings.
Who approved Interface (TILE)’s Amended Executive Bonus Plan?
The Compensation & Talent Development Committee of Interface’s Board of Directors approved the amended Executive Bonus Plan on June 2, 2026. This board-level committee oversees executive pay programs and adjustments to ensure they align with the company’s compensation policies and governance structure.
Where can investors see the full Interface (TILE) Amended Executive Bonus Plan?
The complete text of the Amended Executive Bonus Plan is filed as Exhibit 10.1 to the company’s Form 8-K. Investors can review this exhibit to see all detailed terms, definitions such as “cause,” and mechanics of bonus calculations and eligibility conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
