B+L reports majority shareholder BHC enters standstill pacts with Icahn, Paulson, Kavanagh

Bausch & Lomb Corp

Icahn, Paulson, and Kavanagh groups agree to resign from BHC/B+L boards if they engage in Specified Actions like proxy contests or buying >19.99% of BHC.
Icahn Group waives rights under the 2022 B+L DANA, including the right to designate a replacement director.
BHC commits to vote its B+L shares for management nominees from these groups as long as no Specified Action occurs.
B+L is not a party to the Letter Agreements; full terms are in BHC's Form 8-K filed May 21, 2025.

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