---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-214680"
form_type: "8-K"
ticker: "BAX"
cik: "0000010456"
company_name: "BAXTER INTERNATIONAL INC"
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T19:33:12.597016+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Baxter shareholders approve charter amendment and incentive plan; board adopts new executive severance plan

## Summary
- Shareholders approved reducing minimum board size to 7 directors; charter amendment filed May 5, 2026.
- Shareholders approved Baxter International Inc. Second Amended and Restated 2021 Incentive Plan adding 20M shares.
- All nine director nominees elected; advisory vote on executive compensation approved; PwC ratified as auditor for 2026.
- Board adopted new Executive Severance and Change in Control Plan effective May 4, 2026, with expanded benefits and tiered structure.
- CEO Hider's offer letter amended to increase lump-sum medical coverage from 18 to 24 months in non-CIC termination.

## SEC filing metadata
- accession: 0001193125-26-214680
- form_type: 8-K
- ticker: BAX
- cik: 0000010456
- company_name: BAXTER INTERNATIONAL INC
- filed_at: 2026-05-08T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.07, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10456/000119312526214680/0001193125-26-214680-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10456/000119312526214680/d24051d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-214680
- JSON: https://secwatch.observer/filing/0001193125-26-214680.json
- Plain text: https://secwatch.observer/filing/0001193125-26-214680.txt

## Source-grounded claims
- claim_id: 7cdd4800b73daaad290e103b9d26854959869236
  claim: BAXTER INTERNATIONAL INC: Amended and restated bylaws to set board size range of not less than seven nor more than twelve directors (effective 2026-05-05).
  evidence_excerpt: the Board approved a corresponding amendment and restatement of the Company’s Amended and Restated Bylaws (the “Amended Bylaws”) reflecting that the number of directors on the Board shall not be less than seven nor more than twelve
  evidence_url: https://www.sec.gov/Archives/edgar/data/10456/000119312526214680/0001193125-26-214680-index.htm
- claim_id: 8ae95c5c3750ce9e5f71fc6cec8950f044ff49b0
  claim: BAXTER INTERNATIONAL INC: Amended charter to reduce minimum number of directors to seven with no stated maximum limit (effective 2026-05-05).
  evidence_excerpt: the stockholders of the Company approved an amendment of the Company’s Amended and Restated Certificate of Incorporation (the “Charter Amendment”) to reduce the required minimum number of directors to seven with no stated maximum limit.
  evidence_url: https://www.sec.gov/Archives/edgar/data/10456/000119312526214680/0001193125-26-214680-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.