Scotts Miracle-Gro grants former executive Hagedorn 24 months’ salary in severance deal
SMG•Scotts Miracle-Gro agreed to pay former executive Christopher J. Hagedorn 24 months of salary and benefit-offset payments, plus a bonus worth twice his target opportunity. His fiscal 2026 incentive payout is scheduled for November, and 16,239 performance units are set to vest in February 2027, subject to performance criteria.
1. Severance terms
Scotts Miracle-Gro entered a separation agreement with former executive vice president and chief strategy officer Christopher J. Hagedorn on October 13, 2026. Hagedorn, who departed September 30, will receive 24 months of salary and benefit-offset payments, along with a bonus worth twice his target opportunity, paid in equal installments after his first and second departure anniversaries.
2. Incentive awards
Hagedorn’s fiscal 2026 incentive payout is scheduled for November 2026 and will reflect funded plan results and a discretionary personal performance adjustment. His 16,239 performance units will vest February 16, 2027, subject to performance criteria; 57,033 vested non-qualified stock options expire 180 days after his departure.
