Dentsply Sirona Inc.
10/03/2025 | Press release | Distributed by Public on 10/03/2025 14:19
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 2, 2025, DENTSPLY SIRONA Inc. (the "Company") announced that Richard C. Rosenzweig, Executive Vice President, Corporate Development, General Counsel and Secretary of the Company, will no longer serve in that role by mutual agreement, effective October 3, 2025. Mr. Rosenzweig will serve as a non-executive employee with the title of Special Legal Advisor through March 4, 2026 or his earlier termination (the "Separation Date") to transition his role.
In connection with Mr. Rosenzweig's transition to Special Legal Advisor, the Company entered into a Transition, Separation and Release of Claims Agreement with Mr. Rosenzweig on October 2, 2025 (the "Transition and Separation Agreement"), pursuant to which Mr. Rosenzweig will receive the severance amounts provided for under his letter agreement with the Company dated February 3, 2023 (the "Employment Agreement"), the Amended & Restated Dentsply Sirona Inc. Key Employee Severance Benefits Plan dated September 22, 2022 (the "Severance Plan") and his applicable equity award agreements. In addition, under the Transition and Separation Agreement, Mr. Rosenzweig will receive a monthly fixed fee of $30,000 for his services as Special Legal Advisor, which amount shall be paid in full as if Mr. Rosenzweig's service as Special Legal Advisor continued through March 4, 2026 if Mr. Rosenzweig is terminated prior to March 4, 2026 for any reason other than Cause (as defined in the Severance Plan), full vesting of any deferred compensation under the DENTSPLY SIRONA Inc. Supplemental Executive Retirement Plan, as amended and restated effective January 1, 2019, and customary outplacement services. Following the Separation Date, the Company shall engage Mr. Rosenzweig as an independent contractor consultant for a period of one year and shall pay Mr. Rosenzweig a consulting fee of $20,000 a month. Mr. Rosenzweig's receipt of such severance is generally contingent on his timely execution and nonrevocation of a release of claims and his compliance with his post-termination obligations, including the restrictive covenants set forth in the Transition and Separation Agreement. The foregoing description of the Transition and Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the text of the Transition and Separation Agreement, which is filed as Exhibit 10.1 and incorporated herein by reference.
Dentsply Sirona Inc. published this content on October 03, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT) on October 03, 2025 at 20:19 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]