secwatch.observer — SEC 8-K summary
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Issuer:     Option Care Health, Inc. (OPCH)
CIK:        0001014739
Form:       8-K
Filed at:   2023-12-29T23:59:59+00:00
Accession:  0001104659-23-130458
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Option Care Health appoints two new directors; Sahney resigns; Denness separation finalized
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- Barbara Bodem (former DENTSPLY SIRONA CFO) and Norman Wright (ex-UHG exec) join board effective Jan 2, 2024; Bodem on Audit & Nominating, Wright on Compensation & Nominating.
- Nitin Sahney resigns from board effective Jan 1, 2024; no disagreement cited.
- Former CCO Richard Denness to serve as special advisor through Mar 31, 2024; receives base salary, target bonus ($358,440), and continued equity vesting during transition.
- Post-separation: 9 months base salary severance and COBRA reimbursement; subject to non-compete (12 months) and non-solicit (18 months) covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1014739/000110465923130458/0001104659-23-130458-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1014739/000110465923130458/tm2333833d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-130458

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