other material
confidence high
sentiment neutral
materiality 0.40
Integra adopts CIC severance program; CFO gets 2x multiple
INTEGRA LIFESCIENCES HOLDINGS CORP
- Program effective Jan 1, 2026; covers Lea Knight (CFO), Robert Davis, Michael McBreen, Harvinder Singh.
- Qualifying termination within 2 years after a change in control triggers severance: 1.5x (2x for CFO) of base salary plus target bonus.
- Benefits include lump-sum cash, pro-rated bonus, 18 months of COBRA subsidies, and 12 months of outplacement.
- Program automatically extends to 2 years post-change in control; subject to release and 'best pay cap' excision tax limit.