secwatch.observer — SEC 8-K summary
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Issuer:     Bausch & Lomb Corp (BLCO)
CIK:        0001860742
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0000950103-25-009183
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Bausch + Lomb CEO amends employment agreement; PSUs now tied to share price and EBITDA goals through 2029
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- CEO Brenton Saunders gave up 'good reason' severance right tied to spin-off timing from Bausch Health.
- Amended PSUs vest Feb 23, 2029; payout range 120%-330% of target based on share-price hurdles ($26.57-$39.06).
- Cumulative Adjusted EBITDA performance modifier for FY2025-2028 can adjust payout by -40% to +40%.
- PSU payout also subject to Saunders' continued employment through the performance period.
- Full text of amendments will be filed in Q3 2025 10-Q.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860742/000095010325009183/0000950103-25-009183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860742/000095010325009183/dp231940_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-009183

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