secwatch.observer — SEC 8-K summary
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Issuer:     Veralto Corp (VLTO)
CIK:        0001967680
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0001967680-23-000044
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veralto amends severance plan for CEO and executive officers, enhancing change-in-control benefits
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- CEO severance within CIC period: 24 months base salary + 2x target bonus + pro rata bonus + full equity vesting.
- Executive officers within CIC period: 24 months base salary + 2x target bonus + pro rata bonus + full equity vesting.
- Outside CIC, CEO gets 24 months base salary + 2x target bonus; execs get 12 months base salary + 1x target bonus.
- Good reason defined: material diminution in role/pay, relocation >50 miles, or company breach; 30-day cure period.
- CIC protection period runs from occurrence of a Substantial Corporate Change through 24 months after.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1967680/000196768023000044/0001967680-23-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1967680/000196768023000044/vlto-20231212.htm
  HTML page:      https://secwatch.observer/filing/0001967680-23-000044

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