secwatch.observer — SEC 8-K summary
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Issuer:     Bausch & Lomb Corp (BLCO)
CIK:        0001860742
Form:       8-K/A
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001860742-23-000032
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Bausch + Lomb discloses separation agreement terms for departing President Joseph Gordon
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- Cash severance of $2,203,200 (2x base salary plus target bonus).
- Prorated 2023 annual bonus based on actual performance, paid by March 15, 2024.
- Health coverage through second anniversary of Nov 30, 2023 separation date.
- Unpaid spinoff bonus of $250,000 and legal fee reimbursement up to $5,000.
- Time-based RSUs and stock options from March 1, 2023 continue vesting through March 1, 2024 consulting period; non-solicit extended to 24 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1860742/000186074223000032/0001860742-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1860742/000186074223000032/blco-20230601.htm
  HTML page:      https://secwatch.observer/filing/0001860742-23-000032

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