---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-022096"
form_type: "8-K"
ticker: "IFF"
cik: "0000051253"
company_name: "INTERNATIONAL FLAVORS & FRAGRANCES INC"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:54:17.650890+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# IFF appoints Icahn's Gary Hu to board; settles activist dispute

## Summary
- Gary Hu (Icahn Capital portfolio manager) appointed to IFF Board effective Feb 1, 2023; joins Audit and Transaction Committees.
- Director Kare Schultz resigned effective same date; no disagreement with IFF.
- Cooperation agreement includes standstill, voting provisions, and poison pill threshold of 15% beneficial ownership unless ratified within 270 days.
- Icahn Group must maintain net long position of at least 1,875,000 IFF shares for the duration of the agreement.
- Agreement terminates 35 days before the 2024 annual meeting advance notice deadline or when Hu leaves the Board.

## SEC filing metadata
- accession: 0001193125-23-022096
- form_type: 8-K
- ticker: IFF
- cik: 0000051253
- company_name: INTERNATIONAL FLAVORS & FRAGRANCES INC
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51253/000119312523022096/0001193125-23-022096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51253/000119312523022096/d452488d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-022096
- JSON: https://secwatch.observer/filing/0001193125-23-022096.json
- Plain text: https://secwatch.observer/filing/0001193125-23-022096.txt

## Key facts
- Executive change
  Kare Schultz resigned as Director at INTERNATIONAL FLAVORS & FRAGRANCES INC.
  - Action: resigned
  - Role: Director
  source text: the Board of the Company accepted the resignation of Director Mr. Kare Schultz, effective February 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/51253/000119312523022096/0001193125-23-022096-index.htm
- Material Agreements
  INTERNATIONAL FLAVORS & FRAGRANCES INC entered into Cooperation Agreement with Carl C. Icahn and the persons and entities listed therein (collectively, the "Icahn Group") (effective 2023-02-01).
  - Action: entry
  - Counterparty: Carl C. Icahn and the persons and entities listed therein (collectively, the "Icahn Group")
  - Effective: 2023-02-01
  source text: On February 1, 2023, International Flavors & Fragrances, Inc. (the " Company ") entered into a Cooperation Agreement (the " Agreement ") with Carl C. Icahn and the persons and entities listed therein (collectively, the " Icahn Group ")
  evidence_url: https://www.sec.gov/Archives/edgar/data/51253/000119312523022096/0001193125-23-022096-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.