Omnicell CEO Randall Lipps signs new employment agreement through December 31, 2027
Omnicell entered into a new employment agreement with CEO Randall A. Lipps, who will continue as President and CEO, with a term through December 31, 2027. The filing sets his minimum base salary, bonus target and long-term incentive grant value, along with detailed severance terms that vary by termination circumstances and any change in control.
Key points
- Term runs through December 31, 2027; base salary of no less than $833,000 and target bonus of at least 125% of base salary
- Annual long-term incentive award with grant date fair value of no less than $6,375,000
- Non-change-in-control severance of 3 times salary plus target bonus before the 2027 equity grant, and 1.5 times after it
- Change-in-control severance equal to the greater of the non-CIC amount or 2 times salary plus target bonus, with protection from 6 months before to 24 months after a change in control
The filing
Written by AI on Nov 8, 2026, 1:55 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 March 04, 2025.
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.