secwatch.observer — SEC 8-K summary
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Issuer:     JOHNSON & JOHNSON (JNJ)
CIK:        0000200406
Form:       8-K
Filed at:   2023-11-27T23:59:59+00:00
Accession:  0000200406-23-000105
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Johnson & Johnson adopts new deferred compensation plan for management
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- Plan adopted Nov. 21, 2023; allows deferral of up to 50% of base salary and 100% of annual cash bonus.
- Participants fully vested at all times; no matching or discretionary company contributions.
- Payments made upon separation from service or at an in-service date elected by the participant.
- Executive Income Deferral Plan (EIDP) closed to new deferrals; existing balances may transfer options.
- Plan is unfunded, nonqualified, and limited to pay grade 50+ highly-compensated employees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/200406/000020040623000105/0000200406-23-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/200406/000020040623000105/jnj-20231121.htm
  HTML page:      https://secwatch.observer/filing/0000200406-23-000105

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