Embecta CHRO Ajay Kumar resigns effective July 16; receives $720K severance

Embecta Corp.

Ajay Kumar stepped down as Chief Human Resources Officer, effective July 16, 2023, per mutual agreement.
Severance includes $720,000 cash (12 months base salary plus target STI), prorated 2023 bonus, and 12 months of COBRA premiums.
Unvested equity awards that would vest on or before Nov 30, 2023 will continue to vest; outplacement services provided for 12 months.
Separation Agreement dated June 30, 2023, contingent on release of claims after termination date.

item 5.02 item 9.01

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Departed

Ajay Kumar

Chief Human Resources Officer

EMBC · Embecta Corp.

Effective: 2023-07-16
Filed: July 5, 2023, 7:59 PM ET

On June 29, 2023, Ajay Kumar, the Chief Human Resources Officer (“CHRO”) of Embecta Corp. (the “Company”), and the Company mutually agreed to Mr. Kumar’s resignation from his role as CHRO , effective July 16, 2023.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Ajay Kumar resigned as Chief Human Resources Officer at Embecta Corp..

Action: resigned
Role: Chief Human Resources Officer

Exact text from the filing

On June 29, 2023, Ajay Kumar, the Chief Human Resources Officer (“CHRO”) of Embecta Corp. (the “Company”), and the Company mutually agreed to Mr. Kumar’s resignation from his role as CHRO , effective July 16, 2023.

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Source: SEC EDGAR

accession 0001872789-23-000021

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