Becton Dickinson said its Board of Directors approved and adopted the BD Executive Severance Plan on January 27, 2026, effective the same day. Under the plan, the CEO would receive a lump sum cash severance equal to 1.5x Base Salary and Target Bonus, and members of the Executive Leadership Team would receive 1.0x, for a termination without Cause.

1. 01

   Becton Dickinson said its Board of Directors approved and adopted the BD Executive Severance Plan on January 27, 2026, effective the same day. Under the plan, the CEO would receive a lump sum cash severance equal to 1.5x Base Salary and Target Bonus, and members of the Executive Leadership Team would receive 1.0x, for a termination without Cause.

2. 02

   The company said its severance plan also provides a Pro-Rated Target Bonus for the fiscal year of termination, a lump sum equal to 12 months of COBRA premium excess over active employee premiums, and up to 9 months of outplacement services. It said payment is subject to the signing of a general release of claims, compliance with post-employment restrictive covenants, tax withholdings and the company's clawback policies, to the extent applicable.

3. 03

   BD said shareholders approved, at its January 27, 2026 Annual Meeting, an amendment to the 2004 Employee and Director Equity-Based Compensation Plan to increase the shares available for awards by 3,935,000 shares. The vote was 232,072,981 for and 8,310,708 against.

4. 04

   The company said all of the Board of Directors' nominees were elected as directors at its January 27, 2026 Annual Meeting for one-year terms, serving 1 year terms. The proposal to ratify Ernst & Young as independent registered public accounting firm for fiscal 2026 received 240,467,316 votes for and 16,959,702 against.

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Original filing

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