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Globus Medical (GMED) filed an 8-K announcing immediate executive changes effective 18 Jul 2025. Daniel T. Scavilla resigned as President, CEO and director; the company states the departure is not related to any disagreement on operations or financial matters.
The Board promoted Keith W. Pfeil (46) from COO/CFO to President & CEO and appointed him to the Board and its Nominating & Corporate Governance Committee. Pfeil led the NuVasive integration and multiple corporate functions since joining as CFO in 2019. His compensation rises to a $490k base salary, $900k target bonus (prorated) and an option for 40,000 Class A shares vesting over four years.
Kyle Kline (40), formerly SVP Finance, becomes CFO and principal accounting/financial officer. He will receive a $345k base salary, $200k target bonus and an option for 20,909 shares, also four-year vesting.
An accompanying press release (Ex. 99.1, furnished) includes preliminary Q2 2025 sales figures, but those numbers are not disclosed in this filing. No other material transactions were reported.