secwatch.observer — SEC 8-K summary
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Issuer:     STRYKER CORP (SYK)
CIK:        0000310764
Form:       8-K
Filed at:   2026-10-06T12:08:46+00:00
Accession:  0001193125-26-414956
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Stryker names COO Spencer Stiles CEO effective Jan. 1, 2027; Kevin Lobo moves to Executive Chair
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- Spencer Stiles, President and COO since January 2026, becomes CEO and a Board member on January 1, 2027; Kevin Lobo, CEO since October 2012, becomes Executive Chair.
- Stiles's CEO base salary rises to $1,320,000 with annual bonus target at 150% of salary; February 2027 equity award targeted at $14,200,000 fair value (40% options, 60% PSUs).
- Lobo's salary, bonus target and benefit eligibility stay unchanged as Executive Chair, but he gets no new stock awards; Transition Agreement signed October 5, 2026.
- Lobo's tenure: net sales tripled from $8.7B in 2012 to more than $26B in 2026, with 60+ acquisitions including Mako, Wright Medical, Vocera and Inari; organic growth 4% to 10%.
- Board expanded from 10 to 11 members with Stiles's appointment; Lead Independent Director Sheri McCoy calls it the culmination of long-term succession planning.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310764/000119312526414956/0001193125-26-414956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310764/000119312526414956/d84795d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-414956

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