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Baxter International logoBaxter International BAX

The company said Peter M. Wilver notified it on November 18, 2024 of his resignation from the Board and the Audit Committee and Compensation and Human Capital Committee, effective December 31, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said Peter M. Wilver notified it on November 18, 2024 of his resignation from the Board and the Audit Committee and Compensation and Human Capital Committee, effective December 31, 2024.

  2. The company said Wilver is leaving the Board for personal reasons. It said his departure is not the result of any disagreement with management or matters relating to the company's operations, policies or practices.

  3. The company said the number of directors on the Board will automatically decrease to 11 once Wilver's resignation takes effect.

  4. Baxter International said Jeffrey A. Craig, a current director and member of the Audit Committee, will become chair of the Audit Committee when Wilver's resignation takes effect. It described Craig as the former Chief Executive Officer and President of Meritor, Inc. and a former audit partner at Deloitte & Touche LLP.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Peter M. Wilver Notifies Board Resignation

The company said Peter M. Wilver notified it on November 18, 2024 of his resignation from the Board and the Audit Committee and Compensation and Human Capital Committee, effective December 31, 2024.

Source · Based on the filing body and exhibits

Company Explains Reason for Resignation

The company said Wilver is leaving the Board for personal reasons. It said his departure is not the result of any disagreement with management or matters relating to the company's operations, policies or practices.

Source · Based on the filing body and exhibits

Board Size to Be 11 Directors After Resignation

The company said the number of directors on the Board will automatically decrease to 11 once Wilver's resignation takes effect.

Source · Based on the filing body and exhibits

Jeffrey A. Craig to Chair Audit Committee

Baxter International said Jeffrey A. Craig, a current director and member of the Audit Committee, will become chair of the Audit Committee when Wilver's resignation takes effect. It described Craig as the former Chief Executive Officer and President of Meritor, Inc. and a former audit partner at Deloitte & Touche LLP.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.