8-K
filed August 11, 2022, 7:59 PM ET
ticker CAH
CIK 0000721371
leadership
confidence high
sentiment neutral
materiality 0.70
Cardinal Health names CFO Jason Hollar as CEO effective Sept 1; Patricia English interim CFO
CARDINAL HEALTH INC
- Jason Hollar, 49, elected CEO effective Sept 1, 2022, succeeding Michael Kaufmann who departs.
- Hollar compensation: base salary $1.35M, target bonus 150%, LTI $11M, plus $3M alignment grant.
- Patricia English (CAO) appointed Interim CFO effective Sept 1; base $300K, $250K retention through Aug 2023, $500K PSUs.
- Mary Scherer, previously SVP Internal Audit, promoted to SVP & Chief Accounting Officer effective Sept 1.
- Kaufmann resigns from Board Sept 1; eligible for severance under Senior Executive Severance Plan subject to release and covenants.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael C. Kaufmann departed as Chief Executive Officer at CARDINAL HEALTH INC.
- Action
- depart
- Role
- Chief Executive Officer
Exact text from the filing
Mr. Hollar will succeed current CEO Michael C. Kaufmann, who will depart from the Company on September 1, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Patricia M. English was elected as Interim Chief Financial Officer at CARDINAL HEALTH INC.
- Action
- elected
- Role
- Interim Chief Financial Officer
Exact text from the filing
On August 10, 2022, the Board also elected Patricia M. English, 43, as Interim CFO of the Company, effective September 1, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason M. Hollar was elected as Chief Executive Officer at CARDINAL HEALTH INC.
- Action
- elected
- Role
- Chief Executive Officer
Exact text from the filing
On August 10, 2022, the Board of Directors (the “Board”) of Cardinal Health, Inc. (the “Company”) elected Jason M. Hollar, 49, as Chief Executive Officer (“CEO”) of the Company, effective September 1, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael C. Kaufmann departed as Director at CARDINAL HEALTH INC.
- Action
- resign
- Role
- Director
Exact text from the filing
Mr. Kaufmann will resign as a member of the Board on September 1, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mary C. Scherer was elected as Senior Vice President and Chief Accounting Officer at CARDINAL HEALTH INC.
- Action
- elected
- Role
- Senior Vice President and Chief Accounting Officer
Exact text from the filing
On August 10, 2022, the Board also elected Mary C. Scherer, 54, as Senior Vice President and Chief Accounting Officer, effective September 1, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason M. Hollar was elected as Director at CARDINAL HEALTH INC.
- Action
- elected
- Role
- Director
Exact text from the filing
The Board also elected Mr. Hollar as a director effective August 11, 2022.
View on SEC.gov
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