TELEFLEX INC 8-K

What Happened

• Teleflex Inc. (TFX) filed an 8-K on January 23, 2026 confirming that Liam J. Kelly left his roles as President and Chief Executive Officer effective January 7, 2026 and resigned from the Board effective January 23, 2026.
• The company and Mr. Kelly entered a Separation Agreement dated January 23, 2026 that provides for transition services and post-employment benefits through a Transition Period ending March 31, 2026 (unless he resigns earlier or is terminated for cause).

Key Details

• Separation Agreement dated January 23, 2026; Mr. Kelly’s CEO role ended January 7, 2026 and Board resignation effective January 23, 2026.
• Mr. Kelly will remain an employee through the Transition Period (to March 31, 2026) and will continue to receive base salary, health/welfare benefits (including the 401(k)), and any 2025 annual incentive bonus payments scheduled during that period.
• Outstanding equity awards will receive age-and-service vesting treatment as applicable and awards scheduled to vest during the Transition Period will vest and settle; he will not be eligible for new equity grants.
• Separation benefits are provided in line with his existing March 31, 2017 severance agreement (outplacement paid lump sum) and are contingent on his execution of a release; existing restrictive covenants remain in effect.

Why It Matters

• For investors, this confirms leadership turnover at Teleflex and a structured transition that aims to maintain continuity through March 31, 2026.
• The filing signals potential post-employment cash and equity-related costs under existing severance terms (details are incorporated by reference to Teleflex’s March 28, 2025 proxy statement), which could affect near-term compensation expense and equity dilution, though the 8-K does not disclose specific dollar amounts.