secwatch.observer — SEC 8-K summary
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Issuer:     BAXTER INTERNATIONAL INC (BAX)
CIK:        0000010456
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001193125-23-039261
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Baxter announces director retirements, new executives, and cash severance policy
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- Thomas F. Chen and Albert P.L. Stroucken retiring from board effective April 28, 2023.
- Cathy R. Smith to chair Nominating, Governance & Public Policy; Peter Wilver to chair Audit.
- D. Brent Shafer appointed Lead Independent Director effective April 28, 2023.
- New executives: Heather Knight, Reaz Rasul, Alok Sonig as group presidents effective March 1, 2023.
- Cash severance policy caps new executive benefits at 2.99x base salary plus target bonus without shareholder vote.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10456/000119312523039261/0001193125-23-039261-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10456/000119312523039261/d465899d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-039261

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