secwatch.observer — SEC 8-K summary
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Issuer:     STRYKER CORP (SYK)
CIK:        0000310764
Form:       8-K
Filed at:   2021-08-18T23:59:59+00:00
Accession:  0000310764-21-000123
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stryker announces retirement of President and COO Timothy Scannell, leadership changes
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- President and COO Timothy J. Scannell to retire on March 31, 2023; will serve as Advisor to CEO from Oct 1, 2021.
- J. Andrew Pierce, Group President MedSurg & Neuro, and Spencer S. Stiles, Group President Ortho & Spine, to assume Scannell's responsibilities.
- Kevin A. Lobo, Chair & CEO, will additionally become President of Stryker effective Oct 1, 2021.
- Scannell entered a letter agreement with base salary of $825,000 and bonus eligibility through retirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310764/000031076421000123/0000310764-21-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310764/000031076421000123/syk-20210816.htm
  HTML page:      https://secwatch.observer/filing/0000310764-21-000123

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