secwatch.observer — SEC 8-K summary
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Issuer:     Fortive Corp (FTV)
CIK:        0001659166
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001193125-23-058194
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortive adopts policy requiring shareholder vote for executive severance above 2.99x base+bonus
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- Policy adopted Feb 27, 2023, effective immediately, applies to all Section 16 officers.
- Cash severance exceeding 2.99x base salary plus target bonus requires shareholder ratification.
- Covers new employment, severance, or separation agreements and any new severance plans/policies.
- Excludes equity awards, deferred compensation, retirement benefits, and other non-cash benefits.
- Policy does not affect existing agreements; only new ones after adoption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1659166/000119312523058194/0001193125-23-058194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1659166/000119312523058194/d454626d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-058194

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