secwatch.observer — SEC 8-K summary
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Issuer:     ELI LILLY & Co (LLY)
CIK:        0000059478
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0000059478-24-000213
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lilly appoints Lucas Montarce as EVP and CFO, effective Sept 9, 2024
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- Lucas Montarce, 47, promoted from president of Spain/Portugal/Greece hub to CFO, effective immediately.
- He previously served as group VP, controller and CFO of Lilly Research Labs since 2021; joined Lilly in 2001.
- Compensation includes $1M annual base salary and $1M target bonus; no family relationships or special arrangements.
- CEO David Ricks cited Montarce's drive and integrity following an internal and external search across industries.
- Montarce holds a BBA from Catholic University (Argentina) and an MBA from CEMA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59478/000005947824000213/0000059478-24-000213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59478/000005947824000213/lly-20240905.htm
  HTML page:      https://secwatch.observer/filing/0000059478-24-000213

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer