secwatch.observer — SEC 8-K summary
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Issuer:     Envista Holdings Corp (NVST)
CIK:        0001757073
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001757073-24-000022
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Envista announces planned CEO succession; Aghdaei to step down once successor appointed
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- CEO Amir Aghdaei to step down upon appointment of successor; board formed search committee for external candidates.
- Transition agreement signed Feb 22, 2024; Aghdaei eligible for target bonuses for FY2023 and FY2024 based on actual performance.
- Aghdaei to receive FY2024 equity award of $5.5M and consulting fee of $1.5M over 18 months post-transition.
- Aghdaei remains President/CEO until successor appointed; process expected to complete in 2024.
- Under transition agreement, Aghdaei forfeits eligibility for severance under the existing severance plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757073/000175707324000022/0001757073-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757073/000175707324000022/nvst-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001757073-24-000022

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