secwatch.observer — SEC 8-K summary
======================================

Issuer:     Baker Hughes Co (BKR)
CIK:        0001701605
Form:       8-K
Filed at:   2022-12-23T23:59:59+00:00
Accession:  0000950103-22-021390
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701605/000095010322021390/0000950103-22-021390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/808362/000095010322021390/dp185984_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-021390

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