secwatch.observer — SEC 8-K summary
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Issuer:     RESMED INC (RMD)
CIK:        0000943819
Form:       8-K/A
Filed at:   2021-10-07T23:59:59+00:00
Accession:  0001193125-21-294033
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

ResMed provides separation terms for former SaaS president: $704K severance, consulting deal
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- Rajwant Sodhi resigned as president of SaaS business effective Aug 25, 2021; termination without cause.
- Separation payments: $603,500 base, $80,647 pro-rata incentive, $19,544 COBRA; total ~$703,691.
- Consulting agreement from Sept 2, 2021 to Nov 20, 2022; continued vesting of equity awards during term.
- Sodhi agreed to non-disclosure, non-compete, and general release of ResMed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943819/000119312521294033/0001193125-21-294033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943819/000119312521294033/d93068d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-294033

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