---
schema_version: "secwatch.filing_event.v1"
accession: "0001860742-22-000030"
form_type: "8-K"
ticker: "BLCO"
cik: "0001860742"
company_name: "Bausch & Lomb Corp"
filed_at: "2022-12-22T23:59:59+00:00"
generated_at: "2026-06-21T00:18:06.569021+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bausch + Lomb CEO Joseph Papa to remain until March–June 2023; severance amended

## Summary
- CEO Joseph C. Papa to serve through at least March 4, 2023, and no later than June 30, 2023, under amended separation agreement.
- Board continues search for a new CEO; Papa’s departure date tied to successor appointment or Board discretion.
- Papa receives $1.2M prorated target bonus (50% of target) on termination, replacing performance-based bonus.
- Accelerated vesting of 315,592 RSUs (shares remain restricted until distribution, change of control, or 2-year anniversary) and 1,248,496 stock options.

## SEC filing metadata
- accession: 0001860742-22-000030
- form_type: 8-K
- ticker: BLCO
- cik: 0001860742
- company_name: Bausch & Lomb Corp
- filed_at: 2022-12-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1860742/000186074222000030/0001860742-22-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1860742/000186074222000030/blco-20221222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001860742-22-000030
- JSON: https://secwatch.observer/filing/0001860742-22-000030.json
- Plain text: https://secwatch.observer/filing/0001860742-22-000030.txt

## Key facts
- Executive change
  Joseph C. Papa departed as Chief Executive Officer at Bausch & Lomb Corp.
  - Action: agreed to continue serving
  - Role: Chief Executive Officer
  source text: Mr. Papa agreed to continue serving as Chief Executive Officer until at least March 4, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1860742/000186074222000030/0001860742-22-000030-index.htm

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