Form 8-K · Current report
Stryker Corporation 8-K, filed Oct 6, 2026
- Filed
- CIK
- 0000310764
- Accession no.
- 0001193125-26-414956
Summary
Stryker announced that CEO Kevin A. Lobo will step down on December 31, 2026 and become Executive Chair of the board effective January 1, 2027, with President and Chief Operating Officer Spencer S. Stiles appointed CEO and a board member from that date. Lead Independent Director Sheri McCoy said the move caps a long-term succession planning process.
Key points
- Stryker's board will expand from 10 to 11 members with Stiles's appointment, effective January 1, 2027.
- Lobo's base salary, bonus target and benefit eligibility stay unchanged as Executive Chair, but he will not receive new stock awards in that role.
- Stiles's annual base salary will rise to $1,320,000 with a 150% bonus target, plus a recommended February 2027 equity award with a $14,200,000 target value split 40% stock options and 60% performance stock units.
- Lobo became CEO in October 2012 and chair in July 2014; Stryker's annual net sales grew from $8.7 billion in 2012 to more than $26 billion in 2026.
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. Stryker Corporation (the “Company”) announced on October 6, 2026 that Kevin A. Lobo will resign from his role as Chief Executive Officer (“CEO”) of the Company on December 31, 2026 and transition to the role of Executive Chair of the Board of Directors of the Company (the “Board”), effective January 1, 2027 (the “CEO Transition”) and that Spencer S. Stiles, who currently serves as President and Chief Operating Officer of the Company, has been appointed CEO of the Company, effective January 1, 2027. In connection with Mr. …
An excerpt of the text as filed with the SEC, cut for length.
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