secwatch.observer — SEC 8-K summary
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Issuer:     MCKESSON CORP (MCK)
CIK:        0000927653
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0000927653-22-000034
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

McKesson adopts revised Executive Severance Policy and amends incentive plans
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- Executive Severance Policy provides up to 24 months' base salary on Qualifying Termination (lesser of 12 months + 1 month per service year or 24 months).
- Management Incentive Plan amended to remove outdated Section 162(m) references and extend 'Severance' definition to include Executive Severance Policy terminations.
- Outstanding equity awards under 2013 Stock Plan amended to treat terminations under new policy as 'Severance' for continued vesting/retirement.
- All severance payments require execution of a release and may be halted/recouped for non-compliance with restrictive covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/927653/000092765322000034/0000927653-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/927653/000092765322000034/mck-20220426.htm
  HTML page:      https://secwatch.observer/filing/0000927653-22-000034

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