secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF)
CIK:        0000051253
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001193125-23-022096
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51253/000119312523022096/0001193125-23-022096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51253/000119312523022096/d452488d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-022096

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