---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-052018"
form_type: "8-K"
ticker: "OFIX"
cik: "0000884624"
company_name: "Orthofix Medical Inc."
filed_at: "2023-10-05T23:59:59+00:00"
generated_at: "2026-06-10T04:25:37.648036+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Orthofix board member Keith Valentine resigns; interim CEO gets $825k base, $1.5M RSUs

## Summary
- Keith C. Valentine resigns from Board; notes disagreement with termination for cause of Valentine and others on Sept 11.
- Board reduces size from nine to eight directors effective immediately.
- Interim CEO Burzik receives $825k base salary, 110% bonus target, $100k after-tax cash bonus for relocation.
- Burzik granted $1.5M RSUs vesting 90 days after a successor CEO assumes office.

## SEC filing metadata
- accession: 0000950170-23-052018
- form_type: 8-K
- ticker: OFIX
- cik: 0000884624
- company_name: Orthofix Medical Inc.
- filed_at: 2023-10-05T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884624/000095017023052018/0000950170-23-052018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884624/000095017023052018/ofix-20231004.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-052018
- JSON: https://secwatch.observer/filing/0000950170-23-052018.json
- Plain text: https://secwatch.observer/filing/0000950170-23-052018.txt

## Key facts
- Executive change
  Keith C. Valentine resigned as Director at Orthofix Medical Inc..
  - Action: resigned
  - Role: Director
  source text: On October 4, 2023, Keith C. Valentine resigned as a member of the Board of Directors (the “Board”) of Orthofix Medical Inc. (the “Company”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/884624/000095017023052018/0000950170-23-052018-index.htm

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