AI English summary of an SEC filing — figures as filed

Cencora said the original Form 8-K disclosed that Steven H. Collis would retire as CEO and become Executive Chairman of the Board effective October 1, 2024, and that Robert P. Mauch would join the Board as President and CEO on the same date. The company said the sole purpose of this amendment is to provide the compensation arrangements for Mr. Collis and Mr. Mauch.

8-K/ADeparture or Appointment of Directors or Certain Officers (amended)Amended filingFiled Mar 15, 2024Period of report Mar 11, 2024Summary published (UTC) Oct 30, 2026

Key points

AI summary

Cencora said the original Form 8-K disclosed that Steven H. Collis would retire as CEO and become Executive Chairman of the Board effective October 1, 2024, and that Robert P. Mauch would join the Board as President and CEO on the same date. The company said the sole purpose of this amendment is to provide the compensation arrangements for Mr. Collis and Mr. Mauch.
The company said it entered into an amended and restated employment agreement with Mr. Mauch on March 12, 2024, effective as of the effective date. Under the agreement, he will receive an annual base salary of $1,350,000 and be eligible for the same long-term and short-term incentive arrangements as other executive officers.
The company said Mr. Collis will continue as Chairman, President and CEO until September 30, 2024, keeping his current base salary and incentive arrangements during that period. For 1 year(s) from the effective date, he will serve as Executive Chairman with a base salary of $1,000,000.
The company said Mr. Mauch's severance arrangements are consistent with those provided to the company's CEO. Both agreements include restrictive covenants that apply upon termination of employment, including noncompete, nonsolicitation of employees, confidentiality and non-disparagement provisions.

Summary

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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.

Cencora CEO Transition and Compensation Terms Amendment

Cencora said the original Form 8-K disclosed that Steven H. Collis would retire as CEO and become Executive Chairman of the Board effective October 1, 2024, and that Robert P. Mauch would join the Board as President and CEO on the same date. The company said the sole purpose of this amendment is to provide the compensation arrangements for Mr. Collis and Mr. Mauch.

Source · Based on the filing body and exhibits

Mauch New CEO Base Salary and Incentives

The company said it entered into an amended and restated employment agreement with Mr. Mauch on March 12, 2024, effective as of the effective date. Under the agreement, he will receive an annual base salary of $1,350,000 and be eligible for the same long-term and short-term incentive arrangements as other executive officers.

Source · Based on the filing body and exhibits

Collis Transition Period and Executive Chairman Pay

The company said Mr. Collis will continue as Chairman, President and CEO until September 30, 2024, keeping his current base salary and incentive arrangements during that period. For 1 year(s) from the effective date, he will serve as Executive Chairman with a base salary of $1,000,000.

Source · Based on the filing body and exhibits

Mauch Severance and Restrictive Covenants

The company said Mr. Mauch's severance arrangements are consistent with those provided to the company's CEO. Both agreements include restrictive covenants that apply upon termination of employment, including noncompete, nonsolicitation of employees, confidentiality and non-disparagement provisions.

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

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