secwatch.observer — SEC 8-K summary
======================================

Issuer:     Bausch & Lomb Corp (BLCO)
CIK:        0001860742
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001193125-23-039729
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bausch + Lomb appoints Brent Saunders as CEO and Chair, effective March 6, 2023
-------------------------------------------------------------------------------

- Brent Saunders appointed CEO and Chair, effective March 6, 2023; Joseph Papa steps down.
- Saunders previously served as CEO of Bausch + Lomb from 2010-2013; over 25 years healthcare leadership.
- Employment agreement: $1.6M base salary, $6.5M cash sign-on bonus, equity grants of 750k PSUs, 1.32M options, 375k RSUs.
- Saunders will join Feb 16 in advisory capacity; Thomas Ross becomes Lead Independent Director.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860742/000119312523039729/0001193125-23-039729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860742/000119312523039729/d451228d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-039729

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