STERIS plc 8-K
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STERIS plc Extends Former CFO Tokich's Part-Time Advisor Role
What Happened STERIS plc (STE) filed an 8-K on April 6, 2026 reporting an amendment, dated March 31, 2026, to the Transition Agreement with former Chief Financial Officer Michael J. Tokich. The amendment extends Mr. Tokich’s post‑executive employment as a part‑time senior financial advisor from April 1, 2026 through March 31, 2027 and modifies his compensation and benefits for that period.
Key Details
- Amendment date: March 31, 2026; Extended Advisor Period: April 1, 2026 – March 31, 2027.
- Annual base salary during the Extended Advisor Period reduced to $60,000.
- Mr. Tokich is eligible for a discretionary cash bonus, subject to approval by the CEO and the Compensation and Organization Development Committee.
- He will no longer be entitled to company health and dental plans, life insurance, vacation, disability, or other employee benefit plans during the Extended Advisor Period. Other terms of the original August 5, 2025 Transition Agreement remain in effect.
Why It Matters This filing documents a change to the company’s post‑employment arrangement with its former CFO that reduces salary and removes benefit entitlements for the extension period while retaining the advisory relationship through March 31, 2027. For investors, the amendment clarifies the company’s near‑term compensation and benefit obligations related to Mr. Tokich’s advisory services.