secwatch.observer — SEC 8-K summary
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Issuer:     OMNICELL, INC. (OMCL)
CIK:        0000926326
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000926326-23-000043
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926326/000092632623000043/0000926326-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926326/000092632623000043/omcl-20231103.htm
  HTML page:      https://secwatch.observer/filing/0000926326-23-000043

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