Henry Schein Elects New Directors, Updates CEO Employment Agreement
Ticker: HSIC · Form: 8-K · Filed: May 24, 2024 · CIK: 1000228
| Field | Detail |
|---|---|
| Company | Henry Schein INC (HSIC) |
| Form Type | 8-K |
| Filed Date | May 24, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
TL;DR
Schein adds two directors, inks new CEO deal. Board shakeup incoming.
AI Summary
Henry Schein, Inc. announced on May 21, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Brenda J. Freeman and Dr. Steven R. Smith, to its Board. Additionally, the company entered into a new employment agreement with its CEO, Brad L. Smith, effective May 21, 2024, which includes details on his compensation and severance.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters such as director elections and executive employment agreements, which are common and generally do not indicate significant new risks.
Key Players & Entities
- Henry Schein, Inc. (company) — Registrant
- Brenda J. Freeman (person) — Newly elected director
- Dr. Steven R. Smith (person) — Newly elected director
- Brad L. Smith (person) — CEO of Henry Schein, Inc.
- May 21, 2024 (date) — Effective date of board changes and CEO agreement
FAQ
Who were the new directors elected to the Henry Schein, Inc. Board?
Brenda J. Freeman and Dr. Steven R. Smith were elected as new directors to the Board of Henry Schein, Inc.
When did the changes reported in this 8-K become effective?
The earliest event reported, the date of the report, is May 21, 2024, which is also the effective date for the director elections and the new employment agreement for the CEO.
What is the principal business address of Henry Schein, Inc.?
The principal executive offices of Henry Schein, Inc. are located at 135 Duryea Road, Melville, New York 11747.
What is the IRS Employer Identification Number for Henry Schein, Inc.?
The IRS Employer Identification Number for Henry Schein, Inc. is 11-3136595.
What specific items are being reported under the 8-K filing?
The filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, submission of matters to a vote of security holders, and financial statements and exhibits.
Filing Stats: 1,152 words · 5 min read · ~4 pages · Grade level 11.3 · Accepted 2024-05-24 16:06:05
Filing Documents
- d682449d8k.htm (8-K) — 58KB
- d682449dex101.htm (EX-10.1) — 127KB
- 0001193125-24-147029.txt ( ) — 338KB
- hsic-20240521.xsd (EX-101.SCH) — 3KB
- hsic-20240521_lab.xml (EX-101.LAB) — 17KB
- hsic-20240521_pre.xml (EX-101.PRE) — 11KB
- d682449d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits 10.1 Henry Schein, Inc. 2024 Stock Incentive Plan, as amended and restated effective as of May 21, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HENRY SCHEIN, INC. (Registrant) Date: May 24, 2024 By: /s/ Kelly Murphy Kelly Murphy Senior Vice President and General Counsel