---
schema_version: "secwatch.filing_event.v1"
accession: "0000059478-23-000118"
form_type: "8-K"
ticker: "LLY"
cik: "0000059478"
company_name: "ELI LILLY & Co"
filed_at: "2023-03-17T23:59:59+00:00"
generated_at: "2026-06-17T23:55:31.203666+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Eli Lilly enters non-compete agreement with Daniel Skovronsky providing up to $5M payment

## Summary
- Non-competition and non-solicitation agreement with Daniel Skovronsky executed March 17, 2023.
- Restricts competitive activities and solicitation for up to 12 months post-termination.
- Dr. Skovronsky eligible for up to $5 million payment if company enforces non-compete terms.
- Terms consistent with company's Form of Non-Compete Payment Agreement in 2022 10-K.

## SEC filing metadata
- accession: 0000059478-23-000118
- form_type: 8-K
- ticker: LLY
- cik: 0000059478
- company_name: ELI LILLY & Co
- filed_at: 2023-03-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59478/000005947823000118/0000059478-23-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59478/000005947823000118/lly-20230317.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059478-23-000118
- JSON: https://secwatch.observer/filing/0000059478-23-000118.json
- Plain text: https://secwatch.observer/filing/0000059478-23-000118.txt

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