Item 5. OTHER INFORMATION
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Item 5. OTHER INFORMATION
OTHER INFORMATION
Amendment and Restatement of the Henry Schein, Inc. Supplemental Executive
Retirement Plan
On August 1, 2025, the Compensation Committee approved the
amendment and restatement of the Henry Schein,
Inc. Supplemental Executive Retirement Plan (the “SERP”), effective as of September
1, 2025.
The amendment
and restatement incorporates the following changes:
Participants are permitted to make a one-time, irrevocable election
to change the form of payment of their
vested account balance (as adjusted for earnings) as of the date they terminate
employment from a lump
sum payment to annual installments paid over three or five years, in each
case starting five years after the
originally scheduled payment date, or to elect to retain the lump sum form
of payment but delay the
payment date for five years after the originally scheduled payment date.
Permits the Compensation Committee to increase “Recognized Compensation”
to any specified amount
above the amount provided under the prior definition of “Recognized
Compensation.”
A participant’s
book-keeping contribution under the SERP each year is the amount that
the participant’s base
compensation exceeds “Recognized Compensation,” multiplied by a contribution
percentage established by
the Compensation Committee.
Additional other changes to reflect the Company’s administrative and procedural practices under the SERP.
The foregoing summary of the SERP does not purport to be complete
and is subject to, and qualified in its entirety
by, the full text of the SERP,
which is attached as Exhibit 10.1 and incorporated herein by reference.
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