LivaNova PLC Reports Board Changes and Executive Compensation Updates

Ticker: LIVN · Form: 8-K · Filed: 2024-10-08T00:00:00.000Z

Sentiment: neutral

Topics: management-change, compensation

TL;DR

LivaNova shakes up board, adjusts exec pay. Watch for new strategy.

AI Summary

LivaNova PLC announced on October 8, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key executives. Specific details regarding the individuals involved and the financial implications of these compensation changes are outlined within the report.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence and stock performance.

Risk Assessment

Risk Level: medium — Changes in leadership and compensation can introduce uncertainty regarding future strategy and financial performance.

Key Players & Entities

LivaNova PLC (company) — Registrant
Sand Holdco Plc (company) — Former company name
Sand Holdco Ltd (company) — Former company name
October 8, 2024 (date) — Date of report

FAQ

Who are the specific officers that have departed from LivaNova PLC?

The filing indicates the departure of certain officers but does not name them specifically in the provided text.

Who are the newly elected directors of LivaNova PLC?

The filing mentions the election of directors but does not list their names in the provided text.

What are the key changes in the compensatory arrangements for LivaNova PLC's officers?

The filing states that there are updates to compensatory arrangements for certain officers, but the specific details of these changes are not provided in the excerpt.

When was LivaNova PLC incorporated and in which jurisdiction?

LivaNova PLC was incorporated in England and Wales.

What is LivaNova PLC's principal executive office address and phone number?

LivaNova PLC's principal executive offices are located at 20 Eastbourne Terrace, London, W2 6LG, United Kingdom, and its telephone number is +44 20 33250660.

From the Filing

0001639691-24-000125.txt : 20241008 0001639691-24-000125.hdr.sgml : 20241008 20241008090220 ACCESSION NUMBER: 0001639691-24-000125 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20241008 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241008 DATE AS OF CHANGE: 20241008 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LivaNova PLC CENTRAL INDEX KEY: 0001639691 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 981268150 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37599 FILM NUMBER: 241359278 BUSINESS ADDRESS: STREET 1: 20 EASTBOURNE TERRACE CITY: LONDON STATE: X0 ZIP: W2 6LG BUSINESS PHONE: 4402033250662 MAIL ADDRESS: STREET 1: 20 EASTBOURNE TERRACE CITY: LONDON STATE: X0 ZIP: W2 6LG FORMER COMPANY: FORMER CONFORMED NAME: Sand Holdco Plc DATE OF NAME CHANGE: 20150420 FORMER COMPANY: FORMER CONFORMED NAME: Sand Holdco Ltd DATE OF NAME CHANGE: 20150415 8-K 1 livn-20241008.htm 8-K livn-20241008 LIVANOVA PLC 0001639691 false 0001639691 2024-10-08 2024-10-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 8, 2024 LivaNova PLC (Exact Name of Registrant as Specified in its Charter) England and Wales 001-37599 98-1268150 (State or Other Jurisdiction  of Incorporation) (Commission File Number) (IRS Employer Identification No.) 20 Eastbourne Terrace London , W2 6LG United Kingdom (Address of Principal Executive Offices) + 44 20 33250660 (Registrant’s Telephone Number, Including Area Code) N/A (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name on each exchange on which registered Ordinary Shares - £1.00 par value per share LIVN NASDAQ Global Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Director On October 8, 2024, the Board of Directors (the “Board”) of LivaNova PLC (the “Company”) appointed Susan Podlogar to the Board and as a member of the Compensation and Human Capital Management Committee of the Board. With over 30 years of experience, Ms. Podlogar, 61, has held key global leadership positions at prominent instituti