secwatch.observer — SEC 8-K summary
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Issuer:     Orthofix Medical Inc. (OFIX)
CIK:        0000884624
Form:       8-K
Filed at:   2023-10-03T23:59:59+00:00
Accession:  0000950170-23-051671
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884624/000095017023051671/0000950170-23-051671-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884624/000095017023051671/ofix-20230927.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-051671

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer