Omnicell EVP & Chief Commercial Officer Seidelmann departs; $868K severance

OMNICELL, INC.

Scott P. Seidelmann separated Nov 3, 2023; had transitioned to Special Adviser to CEO on June 1.
Receives lump-sum cash severance of $868,490 (12 months base salary + target MBO).
Accelerated vesting of RSUs/PSUs that would have vested within 12 months post-separation.
Option exercise period extended to 24 months or original expiration, whichever earlier.
Also gets 12 months COBRA premium payments, up to $10K outplacement, and up to $16K/yr financial planning.

item 5.02 item 9.01

Executive movements

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Departed

Scott P. Seidelmann

Other Named Officer

OMCL · OMNICELL, INC.

Effective: 2023-11-03
Filed: November 9, 2023, 6:59 PM ET

Scott P. Seidelmann separated from the Company on November 3, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Scott P. Seidelmann departed as other_named_officer at OMNICELL, INC..

Action: separated

Exact text from the filing

Scott P. Seidelmann separated from the Company on November 3, 2023

View on SEC.gov

OMNICELL, INC. filing history →

Source: SEC EDGAR

accession 0000926326-23-000043

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