Highest-materiality recent filing
Baxter names John Rogers CFO effective Oct 1, 2026; reiterates FY2026 outlook
John Rogers, ex-Smith+Nephew CFO, named Baxter EVP & CFO effective Oct 1, 2026; base salary $925K, LTI target $4M.
Baxter upsizes tender offers to $600M, prices notes, amends credit agreement
Offer Cap increased from $500M to $600M; early tender results show $1.38B tendered across four series.
Baxter Interim CFO Anita Zielinski resigns effective Sept 15, 2026
Anita Zielinski notified Baxter of her resignation as Interim CFO and SVP, Chief Accounting Officer and Controller.
Baxter launches cash tender offers for up to $500M of senior notes
Offers to purchase up to $500M aggregate purchase price of four series of senior notes (3.132% due 2051, 3.500% due 2046, 4.500% due 2043, 2.539% due 2032).
Baxter Q2 sales $2.96B (+5% organic), GAAP EPS $0.26, adj. EPS $0.56; raises FY outlook
Q2 sales $2.96B, up 5% reported and organic; all segments grew.
Baxter changes reportable segments to two: MPT and HST, effective Q2 2026
Former Pharmaceuticals segment moved into Infusion Therapies & Platforms division of MPT.
Shareholders approved reducing minimum board size to 7 directors; charter amendment filed May 5, 2026.
Baxter Q1 GAAP EPS loss $0.03, adj. $0.36; revenue $2.7B; dividend cut to $0.01
Revenue from continuing operations $2.7B, +3% reported but -1% organic.
Baxter updates on CEO, interim CFO, board refresh, and capital allocation priorities
Andrew Hider appointed President & CEO in Aug 2025; Brent Shafer named Non-Executive Chair.
Baxter CFO Joel Grade departs; Anita Zielinski named interim CFO; full-year 2026 outlook reaffirmed
Joel Grade resigns as EVP and CFO effective March 16, 2026, for personal family reasons; advisory role until April 30.
Baxter Q4 GAAP EPS loss ($2.01), adj. $0.44; sales $2.97B +8%; div cut to $0.01
Q4 sales $2.97B (+8% reported, +3% operational); GAAP diluted EPS loss ($2.01), adjusted diluted EPS $0.44.
Early settlement Dec 8: $420.6M of 2.600% 2026 notes and $614.4M of 1.915% 2027 notes purchased.
Baxter issues $2B in senior notes; launches tender offers for 2026 and 2027 notes
Issued $300M 4.450% notes due 2029, $700M 4.900% notes due 2030, and $1B 5.650% notes due 2035.
Baxter amends credit agreement to raise net leverage cap to 4.25x through Q2 2026
Amendment No. 1 to five-year credit agreement dated Nov 25, 2025 relaxes net leverage ratio covenant.
Baxter launches tender offers for 2026 and 2027 notes up to $300M
Offers to buy any and all of $750M 2.600% 2026 notes and up to $300M of $1.45B 1.915% 2027 notes.
Baxter increases tender offer cap for 2027 notes to $600M from $300M
Maximum Tender Cap raised to $600M for 1.915% senior notes due 2027, from $300M.
Baxter EVP and Group President Alok Sonig resigns effective December 1, 2025
Alok Sonig, EVP and Group President, Pharmaceuticals, notified Baxter of his resignation on Nov 5, 2025.
Baxter Q3 2025: sales $2.84B (+5% reported), GAAP EPS loss $0.10, adj. EPS $0.69
Sales from continuing ops $2.84B, up 5% reported / 2% operational.
Baxter COO Heather Knight resigns effective Oct 29; CEO to assume interim MPT president role
Heather Knight, EVP and COO, resigns to join another healthcare company; effective Oct 29, 2025.
Sales from continuing operations $2.81B, up 4% reported, 1% operational, inline with prior guidance.
Baxter appoints Andrew Hider as CEO, effective on or before Sept 3, 2025
Appointment of Andrew Hider as President and CEO, effective on or before Sept 3, 2025.
Baxter enters $2.2B amended revolving credit facility and $645M term loan amendment
New $2.2B revolver matures June 2030, replacing $2.0B facility and terminating €200M euro facility.
Baxter shareholders elect all 10 directors, approve say-on-pay, ratify PwC
Ten director nominees elected with majority support; shareholder proposal on stock retention failed.
Baxter Q1 beats: sales $2.63B, adj. EPS $0.55; FY guidance raised to $2.47-$2.55
First-quarter sales $2.63B, up 5% reported and operational, exceeding guidance.
Baxter provides stockholder engagement presentation; no material new information
Presentation distributed to certain stockholders on March 14, 2025, as part of engagement program.
Baxter Q4 adj EPS $0.58 beats guidance; Q4 sales $2.75B (+2% CC)
Q4 sales from continuing ops $2.75B, up 1% reported / 2% constant currency, exceeding guidance.
Baxter completes Vantive sale to Carlyle for $3.8B; net proceeds ~$3.4B
Sale closed Jan 31, 2025; Baxter received ~$3.71B cash, net after-tax proceeds ~$3.4B.
Baxter CEO Almeida retires; Brent Shafer appointed interim CEO; Heather Knight named COO
José Almeida retired as CEO/Chair effective Feb 3, 2025; will serve as Special Advisor through Oct 31, 2025.
Sale closed Jan 31, 2025; net pre-tax cash proceeds of approximately $3.71B after working capital and debt adjustments.
Baxter appoints Anita Zielinski as Chief Accounting Officer, effective Feb 21, 2025
Anita Zielinski, 51, joins from Sysco where she was SVP & CFO of US Foodservice Operations (since 2022).
Baxter amends bylaws: majority voting, exclusive federal forum, stricter advance notice
Default voting standard for non-director matters changed to majority of shares entitled to vote (was plurality).
Director Peter Wilver resigns from Baxter board effective Dec 31, 2024
Wilver resigned for personal reasons; no disagreement with management or Company policies.
Baxter Q3 2024: continuing ops sales +4% to $2.7B; adj. EPS $0.80 beats guidance
Total sales (incl. discontinued ops) $3.85B; continuing ops sales $2.70B +4% YoY.
Baxter reclassifies Kidney Care as discontinued operations ahead of sale to Carlyle
Kidney Care business classified as held-for-sale and discontinued operations as of August 2024.
North Cove facility in Marion, NC closed due to unprecedented flooding from Hurricane Helene on Sept 29, 2024; remediation underway.
North Cove, N.C. plant closed for production due to flood damage; remediation underway.
Baxter appoints former Meritor CEO Jeffrey A. Craig to its board of directors
Jeffrey (Jay) A. Craig appointed to Baxter board effective September 8, 2024; board expands to 12 members.
Baxter CAO Brian Stevens resigns; CFO Joel Grade appointed interim CAO
Brian Stevens resigned as SVP, Chief Accounting Officer and PAO effective Sept 3, 2024; receiving severance per Executive Severance Plan.
Baxter agrees to sell Kidney Care segment (Vantive) to Carlyle for $3.8B cash
Baxter to receive ~$3.5B in cash; net after-tax proceeds ~$3B; to be used for debt reduction.
Baxter Q2 2024 sales $3.81B, adj EPS $0.68 beat; raises full-year guidance
Sales from continuing ops $3.81B, up 3% reported, 4% constant currency, beating prior guidance.
Baxter enters $2.05B credit agreement for refinancing and Kidney Care separation costs
Credit Agreement with JPMorgan, BofA, Citibank provides up to $2.05B senior unsecured term loans.
Baxter shareholders approve officer exculpation amendment and amended 2021 incentive plan
All 11 director nominees elected; advisory say-on-pay approved with 86.5% support.
Q1 sales $3.59B (+2% reported, +3% CC); GAAP EPS $0.07; adj. EPS $0.65, above guidance.
Baxter amends credit agreements to ease net leverage ratio through Q3 2025
Amends $4.0B term loan and $2.5B revolver to increase max net leverage ratio for six quarters ending June 2024–Sep 2025.
Baxter explores potential sale of Kidney Care business to private equity; spinoff still possible
Baxter discloses discussions with select private equity investors regarding a potential sale of its Kidney Care business.
Baxter Q4 sales $3.89B (+4%); full-year adj. EPS $2.60
Q4 sales from continuing ops $3.89B (+4% reported, +3% constant currency); GAAP EPS $0.14, adjusted EPS $0.88.
Q3 revenue from continuing ops $3.71B (+3% reported, +2% CC), ahead of company guidance.
Baxter appoints Joel Grade as CFO effective Oct 18, 2023
Joel Grade named EVP and CFO; Brian Stevens returns to prior role as SVP, chief accounting officer and controller.
Baxter completes sale of BioPharma Solutions business for $4.25B in cash
Closed sale of Baxter Pharmaceutical Solutions LLC and Baxter Oncology GmbH to Bamboo BidCo entities for $4.25B.
Baxter appoints former Quest CEO Stephen Rusckowski to board; director Mahoney resigns
Stephen H. Rusckowski appointed to Baxter board effective August 21, 2023; will serve on Compensation and Quality committees.
the Board appointed Brent Shafer as interim CEO of the Company and Chair of the Board
Nancy Schlichting was appointed Lead Independent Director
In accordance with the terms and conditions of the Purchase Agreement, effective as of the Closing Date, Chris Toth ceased serving as Executive Vice President and Group President, Kidney Care, and as an executive officer of the Company.
elected Ms. Anita Zielinski as its Senior Vice President, Chief Accounting Officer and Controller, effective as of February 21, 2025
Mr. Joel Grade will cease serving as the Company’s interim Chief Accounting Officer and Principal Accounting Officer and will continue serving as the Company’s Executive Vice President and Chief Financial Officer.
On November 18, 2024, Mr. Peter M. Wilver notified Baxter International Inc. (the “Company”) of his resignation from the Board of Directors of the Company (the “Board”) and the Audit Committee and Compensation and Human Capital Committee thereof, effective December 31, 2024.
On September 8, 2024, Baxter International Inc. (the “ Company ”) appointed Jeffrey (Jay) A. Craig to its Board of Directors
On September 3, 2024, the Board of Directors of the Company approved the appointment of Mr. Joel Grade, the Company’s Executive Vice President and Chief Financial Officer, as the Company’s Chief Accounting Officer and PAO on an interim basis, effective September 3, 2024, while continuing to serve in his current position.
On September 3, 2024, Baxter International Inc. (the “ Company ”) and Mr. Brian Stevens mutually agreed that he will resign from his role as the Company’s Senior Vice President, Chief Accounting Officer and Controller and principal accounting officer (“ PAO ”) and will no longer be an employee of the Company as of the same date.
Chris Toth will cease serving as Executive Vice President and Group President, Kidney Care, and as an executive officer of the Company
On September 29, 2023, Baxter International Inc. (the “Company”) appointed Mr. Joel T. Grade as its Executive Vice President and Chief Financial Officer, effective as of October 18, 2023.
In connection with his appointment, on October 18, 2023, Brian Stevens will cease serving as the Company’s interim Chief Financial Officer and will continue serving as the Company’s Senior Vice President, Chief Accounting Officer and Controller.
Max materiality 0.90 · Median 0.60 · Most common event leadership