secwatch.observer — SEC 8-K summary
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Issuer:     AVANOS MEDICAL, INC. (AVNS)
CIK:        0001606498
Form:       8-K
Filed at:   2022-05-25T23:59:59+00:00
Accession:  0001606498-22-000058
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Avanos SVP Global Supply Chain David Ball to retire; retention bonus up to $100K
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- David E. Ball, SVP Global Supply Chain & Procurement, intends to retire and will assist in transition.
- Retention incentive of up to $100,000 if employed until September 6, 2022 and performance metrics met.
- 10,666 unvested time-based RSUs and 3,438 stock options will vest on September 6, 2022.
- PRSUs vest on third anniversary of grant (1,586 on Mar 17, 2024; 7,494 on Mar 4, 2025).
- Post-employment consulting fee of $10,000 per month for up to 90 days if requested.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606498/000160649822000058/0001606498-22-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606498/000160649822000058/avns-20220519.htm
  HTML page:      https://secwatch.observer/filing/0001606498-22-000058

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