secwatch.observer — SEC 8-K summary
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Issuer:     OMNICELL, INC. (OMCL)
CIK:        0000926326
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0000926326-23-000033
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926326/000092632623000033/0000926326-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926326/000092632623000033/omcl-20230804.htm
  HTML page:      https://secwatch.observer/filing/0000926326-23-000033

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