Short answer
McKesson Corporation (MCK) filed an 8-K current report with the SEC on March 5, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CFO Britt Vitalone retiring May 28, 2026 after multi-year tenure; transitions to paid advisor at $50,000/month starting July 2, 2026.
McKesson Corporation 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CFO Britt Vitalone retiring May 28, 2026 after multi-year tenure; transitions to paid advisor at $50,000/month starting July 2, 2026
- Kenny Cheung, age 44, appointed CFO effective May 29, 2026; former CFO at Sysco (2023) and Hertz (2020–2023), including leading Hertz's Chapter 11 restructuring
- Sign-on package totals $9.5M: $3.5M cash bonus (clawback if exits before 2-year mark) + $6M in restricted stock units
- Ongoing comp: $1.05M base salary, 125% target bonus, plus $3.45M in PSUs (FY2027–2029) and $2.3M in RSUs vesting over 3 years
- Cheung's restructuring and large-cap finance experience signals MCK may be prioritizing capital discipline and complex financial navigation
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