{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-029063","form_type":"8-K","ticker":"OFIX","cik":"0000884624","company_name":"Orthofix Medical Inc.","filed_at":"2023-06-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.603867+00:00","generated_at":"2026-06-13T20:26:10.698304+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Orthofix enters enhanced severance agreements with CEO, CFO, and three other officers","bullets":["CEO Valentine gets 1.5x salary+target bonus severance (2.99x in CiC period through Jan 2025); other executives get 1.0x (1.5x in CiC).","SeaSpine merger (Jan 5, 2023) triggers CiC period running through Jan 4, 2025 for all agreements.","COBRA reimbursement: up to 18 months for CEO; up to 12 months for other executives; equity awards get partial/full acceleration.","Agreements supersede prior employment agreements (Valentine), SeaSpine retention plan (Bostjancic, Keran), and prior severance deals (Elting, Kenny).","No minimum compensation guaranteed; benefits conditioned on signing release and compliance with non-compete/solicitation covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-029063","json":"https://secwatch.observer/filing/0000950170-23-029063.json","markdown":"https://secwatch.observer/filing/0000950170-23-029063.md","text":"https://secwatch.observer/filing/0000950170-23-029063.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/884624/000095017023029063/0000950170-23-029063-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/884624/000095017023029063/ofix-20230619.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T20:26:10.698304+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}