secwatch.observer — SEC 8-K summary
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Issuer:     PERRIGO Co plc (PRGO)
CIK:        0001585364
Form:       8-K
Filed at:   2023-06-08T23:59:59+00:00
Accession:  0001193125-23-163039
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perrigo appoints Patrick Lockwood-Taylor as CEO, effective June 30, 2023; Murray Kessler retires
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- Patrick Lockwood-Taylor, 54, becomes President, CEO and director, effective June 30, 2023, succeeding Murray Kessler who retires.
- Lockwood-Taylor joins from Bayer AG, where he was President of Consumer Health North America and President of Bayer U.S.
- Base salary of $1,200,000; target annual bonus of at least 120% of salary; sign-on equity awards: $2.8M RSUs and $1.5M PSUs.
- Annual long-term incentive grants of at least $5.6M beginning 2024.
- Kessler will remain in advisory role through July 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585364/000119312523163039/0001193125-23-163039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585364/000119312523163039/d505583d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-163039

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