Atlantic International Corporation Appoints Kevin J. Murphy as CFO With Enhanced Severance and Equity Vesting Terms

Reuters
Feb 04
Atlantic International Corporation Appoints Kevin J. Murphy as CFO With Enhanced Severance and Equity Vesting Terms

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.

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