secwatch.observer — SEC 8-K summary
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Issuer:     Envista Holdings Corp (NVST)
CIK:        0001757073
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001757073-24-000036
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Envista appoints Paul Keel as CEO effective May 1, 2024; succeeds Amir Aghdaei
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- Paul Keel, former CEO of Smiths Group plc, named President & CEO and board member effective May 1, 2024.
- Base salary of $1.1M, target annual cash bonus of 150% of salary (max 300%), and initial equity awards valued at $6.5M for FY2024 plus $11M replacement equity.
- Relocation reimbursement up to $650k (with gross-up), subject to clawback if employment terminated within 12 months for cause.
- Outgoing CEO Amir Aghdaei to resign from board on same date and will serve as senior advisor during transition.
- Employment agreement includes non-compete, non-solicitation, non-disparagement, and perpetual non-disclosure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757073/000175707324000036/0001757073-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757073/000175707324000036/nvst-20240415.htm
  HTML page:      https://secwatch.observer/filing/0001757073-24-000036

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