---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-22-021390"
form_type: "8-K"
ticker: "BKR"
cik: "0001701605"
company_name: "Baker Hughes Co"
filed_at: "2022-12-23T23:59:59+00:00"
generated_at: "2026-06-20T23:24:00.704098+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Baker Hughes EVP Neil Saunders to depart Jan 31, 2023; settlement agreement signed

## Summary
- Neil Saunders, EVP – Oilfield Equipment, will depart company as part of restructuring announced Sept 6, 2022.
- Settlement Agreement dated Dec 20, 2022; employment ends Jan 31, 2023, with transition assistance.
- Saunders receives base salary, annual incentive, and benefits through termination date; equity awards per LTIP plans.
- Severance consistent with Executive Severance Program (involuntary termination) plus $15,000 for loss of benefits.
- Unvested RSUs granted Jan 2022 will vest; confidentiality and cooperation obligations affirmed.

## SEC filing metadata
- accession: 0000950103-22-021390
- form_type: 8-K
- ticker: BKR
- cik: 0001701605
- company_name: Baker Hughes Co
- filed_at: 2022-12-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1701605/000095010322021390/0000950103-22-021390-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/808362/000095010322021390/dp185984_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-22-021390
- JSON: https://secwatch.observer/filing/0000950103-22-021390.json
- Plain text: https://secwatch.observer/filing/0000950103-22-021390.txt

## Key facts
- Executive change
  Neil Saunders departed as Executive Vice President – Oilfield Equipment at Baker Hughes Co.
  - Action: departing
  - Role: Executive Vice President – Oilfield Equipment
  source text: As previously disclosed by Baker Hughes Company (the “Company”), on September 6, 2022, as a result of the restructuring and simplifying of its organizational structure, Neil Saunders, Executive Vice President – Oilfield Equipment, will be departing the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1701605/000095010322021390/0000950103-22-021390-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.