secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF)
CIK:        0000051253
Form:       8-K
Filed at:   2022-01-20T23:59:59+00:00
Accession:  0001193125-22-012884
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IFF names Frank Clyburn as CEO effective Feb 14; Fibig resigns as CEO and Chair
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- Andreas Fibig resigns as CEO and Chair effective Feb 14, 2022; Dale Morrison named non-executive Chair.
- Frank Clyburn, former Merck executive, appointed CEO and director, effective Feb 14, 2022.
- Clyburn receives base salary of $1.3M, target bonus of 150% of salary, and 2022 LTI target of $6.75M.
- Clyburn gets sign-on equity awards totaling ~$10.2M (SSARs, PSUs, RSUs, Deferred RSUs) to replace forfeited compensation.
- Board approves $2M retention award for Nourish CEO Nicolas Mirzayantz in PSUs tied to relative TSR.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51253/000119312522012884/0001193125-22-012884-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51253/000119312522012884/d272955d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-012884

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