---
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"
generated_at: "2026-06-13T20:26:10.698304+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Orthofix enters enhanced severance agreements with CEO, CFO, and three other officers

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-029063
- JSON: https://secwatch.observer/filing/0000950170-23-029063.json
- Plain text: https://secwatch.observer/filing/0000950170-23-029063.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.