UNITED STATES
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CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 3, 2024, Baxter International Inc. (the “Company”) and Mr. Brian Stevens mutually agreed that he will resign from his role as the Company’s Senior Vice President, Chief Accounting Officer and Controller and principal accounting officer (“PAO”) and will no longer be an employee of the Company as of the same date. Mr. Stevens will receive severance consistent with the terms of the Company’s Executive Severance Plan as set forth in the Company’s Proxy Statement filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 25, 2024, subject to not revoking a general release of claims in favor of the Company. Mr. Stevens’ departure was not a result of any disagreement with the Company on any matter related to its operations, policies, practices, financial disclosures or accounting matters.
On September 3, 2024, the Board of Directors of the Company approved the appointment of Mr. Joel Grade, the Company’s Executive Vice President and Chief Financial Officer, as the Company’s Chief Accounting Officer and PAO on an interim basis, effective September 3, 2024, while continuing to serve in his current position. Mr. Grade’s compensation will not change in connection with this interim appointment. Information regarding Mr. Grade’s background is included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the SEC on February 8, 2024, and such information is incorporated herein by reference.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| BAXTER INTERNATIONAL INC. | ||||||
| Date: September 3, 2024 | By: | /s/ Joel T. Grade | ||||
| Name: | Joel T. Grade | |||||
| Title: | Executive Vice President, Chief Financial Officer and Interim Chief Accounting Officer | |||||