Form 8-K · Current report
Baxter International 8-K, filed Aug 19, 2026
- Filed
- CIK
- 0000010456
- Accession no.
- 0001193125-26-356188
Summary
Baxter International appointed John Rogers, most recently CFO of Smith+Nephew, as its executive vice president and chief financial officer effective Oct. 1, 2026, with CEO Andrew Hider serving as interim CFO from Sept. 15 until then after the departure of interim CFO Anita Zielinski. Baxter also named Assistant Controller Bernie Heine as interim chief accounting officer and controller, and reiterated its full-year 2026 financial outlook.
Key points
- Rogers's target direct compensation includes a $925,000 annual base salary, a target annual bonus of 100% of base salary, and a $4,000,000 target annual equity grant beginning with the 2027 grant.
- Rogers will receive off-cycle equity grants, including one with a target value of $3,861,494, and a $2,827,629 sign-on bonus repayable in full if he leaves within 12 months and 50% if he leaves within 12 to 24 months.
- Heine will receive $15,000 per month while serving as interim chief accounting officer and controller plus a one-time restricted stock unit award with a $250,000 grant date value.
- Hider will not receive additional compensation for serving as interim CFO.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of John Rogers as CFO On August 18, 2026, Baxter International Inc. (the “Company”) appointed John Rogers as Executive Vice President and Chief Financial Officer (“CFO”), effective as of October 1, 2026 (the “Transition Date”). Mr. Rogers, 58, is joining the Company from Smith+Nephew plc, where he has served as CFO since 2024 after beginning with the company as CFO-designate in 2023. Before Smith+Nephew, he served as CFO of WPP plc from 2020 to 2023. …
An excerpt of the text as filed with the SEC, cut for length.
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