8-KItem 5.02 · Officer/Director ChangeItem 7.01 · Reg FD DisclosureItem 9.01 · Financial Statements
Stryker names Spencer Stiles CEO as Kevin Lobo becomes executive chair
Filed with the SEC on · Summarized by InvestorsBot
Stryker said Kevin Lobo will step down as CEO on December 31, 2026, become executive chair on January 1, 2027, and remain under the same base salary, bonus target and benefit eligibility but receive no new stock awards. President and COO Spencer Stiles will become CEO and join the board on January 1, 2027; his base salary will rise to $1.32 million, his bonus target to 150% of salary, and he may receive a February 2027 long-term incentive award with a target value of $14.2 million.