secwatch.observer — SEC 8-K summary
======================================

Issuer:     Bausch & Lomb Corp (BLCO)
CIK:        0001860742
Form:       8-K/A
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0001860742-23-000023
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Bausch + Lomb discloses separation terms for former EVP & General Counsel Ackermann
--------------------------------------------------------------------------------

- Cash severance of $2,754,000 (2x base salary and target bonus) for Christina Ackermann.
- Additional $280,000 lump sum and proration of founder equity awards; non-solicit extended to 24 months.
- Prorated 2023 bonus based on actual performance; health coverage through second anniversary of separation.
- $250,000 spinoff bonus unpaid portion and $20,000 outplacement services.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860742/000186074223000023/0001860742-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860742/000186074223000023/blco-20230410.htm
  HTML page:      https://secwatch.observer/filing/0001860742-23-000023

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