secwatch.observer — SEC 8-K summary
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Issuer:     HERBALIFE LTD. (HLF)
CIK:        0001180262
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0001213900-25-012882
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1180262/000121390025012882/0001213900-25-012882-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1180262/000121390025012882/ea0230540-8k_herbalife.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-012882

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