secwatch.observer — SEC 8-K summary
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Issuer:     Viatris Inc (VTRS)
CIK:        0001792044
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001193125-23-050797
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viatris appoints Scott A. Smith as CEO effective April 1, 2023; Michael Goettler departs
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- Scott A. Smith, former Celgene President/COO, appointed CEO effective April 1, 2023 to lead Phase 2 strategy.
- Michael Goettler to support transition and depart; separation not due to any disagreement with company.
- Smith's compensation: $1.4M base salary, 150% target bonus, 700% LTI (800% for 2023).
- Severance: 1x base+bonus if terminated before June 30, 2024; 2x after; 2.5x on change in control.
- Smith has been a Viatris board member since December 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792044/000119312523050797/0001193125-23-050797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792044/000119312523050797/d452663d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-050797

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