{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-123366","form_type":"8-K","ticker":"BHC","cik":"0000885590","company_name":"Bausch Health Companies Inc.","filed_at":"2025-05-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.612334+00:00","generated_at":"2026-05-20T23:25:02.068966+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Bausch Health enters standstill-like pacts with Icahn, Paulson, Kavanagh limiting activism","bullets":["Icahn Group, John Paulson, and Sarah Kavanagh each signed letter agreements with Bausch Health on May 20, 2025.","If a group engages in a 'Specified Action' (proxy contest, solicitation, >19.99% stake), members must resign from both BHC and B+L boards.","BHC agrees to vote its B+L shares in favor of each group's designee if nominated to B+L board and to offer new committee seats.","Icahn Group irrevocably waives right to designate replacement directors under B+L DANA upon resignation.","Agreements terminate upon a director's resignation from BHC board, with some provisions surviving until next B+L annual meeting."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-123366","json":"https://secwatch.observer/filing/0001193125-25-123366.json","markdown":"https://secwatch.observer/filing/0001193125-25-123366.md","text":"https://secwatch.observer/filing/0001193125-25-123366.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885590/000119312525123366/0001193125-25-123366-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885590/000119312525123366/d933207d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T23:25:02.068966+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}