---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-012882"
form_type: "8-K"
ticker: "HLF"
cik: "0001180262"
company_name: "HERBALIFE LTD."
filed_at: "2025-02-12T23:59:59+00:00"
generated_at: "2026-05-26T22:44:20.305510+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Herbalife enters new CEO agreement with Michael Johnson through Dec 2025; base $1.28M, bonus $1.92M, $8M equity

## Summary
- Base salary $1.28M; annual bonus target $1.92M (max 300% of salary).
- Equity award $8M grant date fair value; vests 50% year 1, balance by Jan 2027 or new CEO start.
- Term through Dec 31, 2025; acceleration on termination w/out cause or change in control.
- Personal use of private aircraft up to $500K incremental cost per year.
- Not eligible for Executive Officer Severance Plan.

## SEC filing metadata
- accession: 0001213900-25-012882
- form_type: 8-K
- ticker: HLF
- cik: 0001180262
- company_name: HERBALIFE LTD.
- filed_at: 2025-02-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1180262/000121390025012882/0001213900-25-012882-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1180262/000121390025012882/ea0230540-8k_herbalife.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-012882
- JSON: https://secwatch.observer/filing/0001213900-25-012882.json
- Plain text: https://secwatch.observer/filing/0001213900-25-012882.txt

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