{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-125031","form_type":"8-K","ticker":"OPCH","cik":"0001014739","company_name":"Option Care Health, Inc.","filed_at":"2023-12-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.867712+00:00","generated_at":"2026-06-07T14:33:54.784861+00:00","sec_items":["1.01","1.02","2.03","5.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Option Care Health enters $400M revolver, adopts new severance plan, CCO departs","bullets":["Entered $400M New Revolver Facility (SOFR+1.75% initial) maturing Dec 2028; terminated existing ABL facility.","Adopted Amended Executive Severance Plan: CEO 2.0x/CFO 1.5x/others 1.25x salary outside CIC; higher multiples inside CIC.","Richard Denness ceased as CCO effective Dec 7, 2023; to remain non-executive employee through Mar 31, 2024.","Board adopted non-qualified deferred compensation plan allowing deferral of salary/bonus and company contributions.","By-laws amended to add proxy access for 3% holders for ≥3 yrs, align with universal proxy rules, and other updates."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-125031","json":"https://secwatch.observer/filing/0001104659-23-125031.json","markdown":"https://secwatch.observer/filing/0001104659-23-125031.md","text":"https://secwatch.observer/filing/0001104659-23-125031.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1014739/000110465923125031/0001104659-23-125031-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1014739/000110465923125031/tm2332364d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T14:33:54.784861+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":[{"claim_id":"03064a0e817e0cec0338cb2790185a998551621a","claim":"Option Care Health, Inc.: Adopted Fourth Amended and Restated By-Laws including proxy access, enhanced stockholder nomination disclosure, meeting procedures, board meeting notice, officer role clarifications, and ministerial updates (effective 2023-12-06).","evidence_excerpt":"On December 6, 2023, the Board of Directors of the Company unanimously adopted Fourth Amended and Restated By-Laws of the Company (the by-laws, as so amended and restated, the “Amended and Restated By-Laws”), effective immediately.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1014739/000110465923125031/0001104659-23-125031-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-12-06"}],"fact_type":"governance_change"},{"claim_id":"1cb75f536e9c8f064b09831c39ab707d7800ba88","claim":"Option Care Health, Inc. terminated ABL Credit Agreement with Bank of America, N.A., as administrative agent.","evidence_excerpt":"Substantially concurrently with the closing of the New Revolver Facility, the Company repaid all loans under, and terminated, that certain ABL Credit Agreement, dated as of August 6, 2019","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1014739/000110465923125031/0001104659-23-125031-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"}],"fact_type":"material_agreement"},{"claim_id":"70cf2f4437d52443a41a6430c0d40152111e7f8e","claim":"Option Care Health, Inc. amended Amendment with Bank of America, N.A., as administrative agent valued at $400,000,000 (effective 2023-12-07).","evidence_excerpt":"On December 7, 2023, Option Care Health, Inc. (the “ Company ”), certain of its subsidiaries, the Incremental Revolving Lenders party thereto and Bank of America, N.A., as administrative agent, entered into the second amendment (the “ Amendment ”) to the amended and restated first lien credit agreement, dated as of October 27, 2021","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1014739/000110465923125031/0001104659-23-125031-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Value","value":"$400,000,000"},{"label":"Effective","value":"2023-12-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}