secwatch.observer — SEC 8-K summary
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Issuer:     OMNICELL, INC. (OMCL)
CIK:        0000926326
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000926326-23-000029
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Omnicell adopts new Executive Severance Plan with enhanced CIC benefits for named officers
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- Plan approved July 30, 2023, covers CEO, EVPs, and SVP (Nchacha Etta, Corey Manley, etc.)
- Severance multiples: CEO gets 1.5x base+target outside CIC, 2x inside; EVPs get 1x/1.5x
- CIC Protection Period extends 6 months before to 24 months after change in control
- Benefits include cash, COBRA subsidies (12-24 months), outplacement, and up to $15k legal fee reimbursement
- Plan supersedes prior severance and change-in-control benefit plans

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926326/000092632623000029/0000926326-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926326/000092632623000029/omcl-20230730.htm
  HTML page:      https://secwatch.observer/filing/0000926326-23-000029

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