Envista Holdings Corp. CFO Departs, Interim Appointed, New Directors Elected

TL;DR

CFO out, interim in, new board members join Envista. Watch for strategy shifts.

AI Summary

Envista Holdings Corp. announced on April 15, 2024, the departure of its Chief Financial Officer, Michael Scharer, effective April 19, 2024. The company also announced the appointment of Robert H. Small as interim CFO. Additionally, the company elected two new directors, Robert H. Small and Dr. David W. Osborne, to its Board of Directors.

Why It Matters

The departure of a CFO and the appointment of an interim successor can signal a period of transition and potential strategic shifts for the company. The addition of new directors may also indicate changes in governance or strategic direction.

Risk Assessment

Risk Level: medium — A CFO departure and interim appointment can introduce uncertainty regarding financial strategy and leadership stability.

Key Players & Entities

• Envista Holdings Corp. (company) — The reporting company
• Michael Scharer (person) — Departing Chief Financial Officer
• April 19, 2024 (date) — Effective date of CFO departure
• Robert H. Small (person) — Appointed interim Chief Financial Officer and elected to the Board of Directors
• Dr. David W. Osborne (person) — Elected to the Board of Directors
• April 15, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common stock, $0.01 par value NVST New York Stock Exchange
• $1,100,000 — nitial base salary at an annual rate of $1,100,000; (ii) an annual cash bonus pursuant to
• $1,197,867 — ash payment equal to the product of (x) $1,197,867 and (y) a fraction, the numerator of wh
• $650,000 — alifornia, up to an aggregate amount of $650,000 (and an additional tax gross-up in resp
• $6,500,000 — scal year 2024, valued at approximately $6,500,000 and calculated in the same manner as th
• $11,000,000 — ormer employer, valued at approximately $11,000,000 and calculated in the same manner as th

Filing Documents

• nvst-20240415.htm (8-K) — 45KB
• envista-paulkeelemployment.htm (EX-10.1) — 166KB
• pr_ceoappointment2024.htm (EX-99.1) — 7KB
• nvst-20240415_g1.jpg (GRAPHIC) — 16KB
• 0001757073-24-000036.txt ( ) — 426KB
• nvst-20240415.xsd (EX-101.SCH) — 2KB
• nvst-20240415_lab.xml (EX-101.LAB) — 23KB
• nvst-20240415_pre.xml (EX-101.PRE) — 13KB
• nvst-20240415_htm.xml (XML) — 3KB

01 REGULATION FD

ITEM 7.01 REGULATION FD On April 15, 2024, the Company issued a press release announcing the appointment of Mr. Keel as President and Chief Executive Officer of the Company. A copy of the release is furnished herewith as Exhibit 99.1 and incorporated by reference herein. The information included or incorporated by reference in this Item 7.01 is being furnished to the SEC and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01 FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. Exhibit No. Description 10.1 Employment Agreement, by and between Envista Holdings Corporation and Paul Keel, dated as of March 25, 2024 99.1 Press Release dated April 15, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES 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. ENVISTA HOLDINGS CORPORATION Date: April 15, 2024 By: /s/ Stephen Keller Stephen Keller Principal Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR