---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-051671"
form_type: "8-K"
ticker: "OFIX"
cik: "0000884624"
company_name: "Orthofix Medical Inc."
filed_at: "2023-10-03T23:59:59+00:00"
generated_at: "2026-06-10T05:56:43.079124+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Orthofix sets compensation for Interim CFO Gillespie with $290k base, stipend, and severance

## Summary
- Interim CFO Geoffrey Gillespie receives updated base salary of $290,000 and target bonus of 70% of base salary.
- Monthly stipend of $12,500 during service as Interim CFO.
- Grant of RSUs with fair market value $290,000 vesting fully on second anniversary.
- Severance agreement: if terminated without cause or for good reason, receives pro-rata bonus and severance equal to base salary plus target bonus.

## SEC filing metadata
- accession: 0000950170-23-051671
- form_type: 8-K
- ticker: OFIX
- cik: 0000884624
- company_name: Orthofix Medical Inc.
- filed_at: 2023-10-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884624/000095017023051671/0000950170-23-051671-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884624/000095017023051671/ofix-20230927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-051671
- JSON: https://secwatch.observer/filing/0000950170-23-051671.json
- Plain text: https://secwatch.observer/filing/0000950170-23-051671.txt

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