---
schema_version: "secwatch.filing_event.v1"
accession: "0000010795-23-000109"
form_type: "8-K"
ticker: "BDX"
cik: "0000010795"
company_name: "BECTON DICKINSON & CO"
filed_at: "2023-11-27T23:59:59+00:00"
generated_at: "2026-06-07T21:18:13.648052+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# BD adopts policy capping executive cash severance at 2.99x salary plus bonus without shareholder vote

## Summary
- Policy prohibits new executive severance agreements exceeding 2.99 times base salary plus target bonus unless shareholder ratified.
- Applies to officers designated under Rule 16a-1(f); covers cash severance, non-compete payments, and tax gross-ups.
- Amendments that increase cash severance for existing agreements also require shareholder ratification; ordinary salary increases excluded.
- Board delegated authority to Compensation Committee for amendments and interpretations.

## SEC filing metadata
- accession: 0000010795-23-000109
- form_type: 8-K
- ticker: BDX
- cik: 0000010795
- company_name: BECTON DICKINSON & CO
- filed_at: 2023-11-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10795/000001079523000109/0000010795-23-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10795/000001079523000109/bdx-20231121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000010795-23-000109
- JSON: https://secwatch.observer/filing/0000010795-23-000109.json
- Plain text: https://secwatch.observer/filing/0000010795-23-000109.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.