secwatch.observer — SEC 8-K summary
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Issuer:     MiniMed Group, Inc. (MMED)
CIK:        0002062583
Form:       8-K
Filed at:   2026-03-27T23:59:59+00:00
Accession:  0001104659-26-036112
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

MiniMed adopts new executive severance plans: 2x pay on non-CIC termination, 3x on CIC
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- Severance Plan for Executives provides lump sum equal to 2x base salary plus target annual bonus, plus 24 months COBRA on non-CIC termination.
- Change of Control Severance Plan pays 3x base salary plus highest annual bonus, plus continued benefits for 3 years.
- Plans cover named executive officers; equity vesting not continued except for retirement-eligible participants.
- Plans effective March 23, 2026; excise tax gross-up reduced to better net-after-tax position if triggered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2062583/000110465926036112/0001104659-26-036112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2062583/000110465926036112/tm2610044d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-036112

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