secwatch.observer — SEC 8-K summary
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Issuer:     Bausch & Lomb Corp (BLCO)
CIK:        0001860742
Form:       8-K
Filed at:   2025-05-21T23:59:59+00:00
Accession:  0000950103-25-006266
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860742/000095010325006266/0000950103-25-006266-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860742/000095010325006266/dp229071_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-006266

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