Item 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS
On November 29, 2021, Raven Industries, Inc. (the "Company") entered into an
employment agreement with Lee Magnuson, the former General Counsel and Vice
President of the Company (the "Agreement"). Effective as of November 30, 2021,
Magnuson will continue to be employed by the Company on a part-time basis as
Senior Legal Counsel of the Company. Mr. Magnuson will receive a base salary at
a weekly rate of $6,610.58. Mr. Magnuson will receive the payments described in
the Retention Award Agreement with the Company, dated June 20, 2021, and,
subject to his execution and nonrevocation of a release of claims in favor of
the Company and CNH Industrial N.V., the payments described in the Amended and
Restated Change in Control Agreement with the Company, dated June 20, 2021 (the
"CIC Agreement"), except that Mr. Magnuson will receive the continued group
health benefits set forth in the CIC Agreement upon a termination of Mr.
Magnuson's employment with the Company for any reason other than (i) by the
Company for "cause" or (ii) a resignation by Mr. Magnuson upon less than
fourteen days' notice of such termination.
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.
Date: December 3, 2021 RAVEN INDUSTRIES, INC.
By: /s/ Nicole Freesemann
Nicole Freesemann
Vice President of Human Resources© Edgar Online, source Glimpses
RAVEN INDUSTRIES, INC. 
