Omnicell CFO Peter Kuipers terminated without cause; severance includes $898K lump sum

OMNICELL, INC.

CFO Peter J. Kuipers terminated without cause effective Aug 1, 2023; separation agreement signed Aug 4.
Severance: $898,320 lump sum (12 months base salary + target MBO), plus COBRA premiums for 12 months and $10K outplacement.
Equity: RSUs and PSUs continue vesting for 12 months post-separation; option exercise period extended to 24 months.
Kuipers remains eligible for 2023 MBO bonus for Q1-Q3 under normal program terms.
Non-solicitation of employees and confidentiality obligations reaffirmed; cooperation obligation for 24 months.

item 5.02 item 9.01

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Departed

Peter J. Kuipers

Chief Financial Officer

OMCL · OMNICELL, INC.

Effective: 2023-08-01
Filed: August 10, 2023, 7:59 PM ET

As previously disclosed, Mr. Kuipers was terminated without cause from the Company on August 1, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Peter J. Kuipers departed as Chief Financial Officer at OMNICELL, INC..

Action: terminated without cause
Role: Chief Financial Officer

Exact text from the filing

As previously disclosed, Mr. Kuipers was terminated without cause from the Company on August 1, 2023

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OMNICELL, INC. filing history →

Source: SEC EDGAR

accession 0000926326-23-000033

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