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AI brief of an SEC Form 8-K · LivaNova (LIVN)

LivaNova's Chief Human Resources Officer Trui Hebbelinck to leave September 30, 2024

Neutral Impact 3 of 5 leadership Written later

LivaNova said its Chief Human Resources Officer, Trui Hebbelinck, will leave her position on September 30, 2024 and begin garden leave, and it has retained an external search firm to find a successor. Under a settlement agreement dated September 7, 2024, she receives a prorated on-target fiscal 2024 bonus, a severance payment of £232,000, and certain other benefits, which the filing describes as a cost of the departure.

Key points

  • Departure effective September 30, 2024; garden leave runs under a 12-month contractual notice period, ending September 30, 2025 unless she elects to end it early
  • Settlement agreement dated September 7, 2024 includes a £232,000 severance payment and a prorated on-target fiscal 2024 bonus paid in October 2024
  • Outplacement counseling capped at £20,000 plus tax; legal fees reimbursed up to £25,000 plus tax
  • Ms. Hebbelinck will not qualify for a fiscal 2025 bonus and will receive no new equity awards; existing awards continue to vest

The filing

CompanyLivaNova (LIVN)
Form8-K, current report
Filed with the SECSep 10, 2024, 9:01 AM ET
Accession number0001639691-24-000117

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 10, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.