secwatch.observer — SEC 8-K summary
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Issuer:     CARDINAL HEALTH INC (CAH)
CIK:        0000721371
Form:       8-K
Filed at:   2022-09-06T23:59:59+00:00
Accession:  0000721371-22-000096
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardinal Health appoints 4 new directors, forms Business Review Committee in Elliott cooperation deal
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- Four new independent directors appointed: Steven Barg (Elliott), Michelle Brennan, Sujatha Chandrasekaran, Christine Mundkur, effective Sept 6, 2022.
- Two directors (Dean Scarborough, John Weiland) will not stand for re-election at 2022 Annual Meeting, reducing board to 13 members.
- New Business Review Committee formed, chaired by CEO Jason Hollar, plus Steven Barg and Akhil Johri, to review strategy, portfolio, capital allocation, and operations.
- Elliott entered cooperation agreement with standstill, voting, and confidentiality provisions; investor day expected in H1 2023.
- Board composition will become 54% women and 23% racially/ethnically diverse following the Annual Meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721371/000072137122000096/0000721371-22-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721371/000072137122000096/22-9-6cah8k.htm
  HTML page:      https://secwatch.observer/filing/0000721371-22-000096

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