ICU MEDICAL INC/DE 8-K

What Happened
ICU Medical, Inc. announced on February 20, 2026 that its Compensation Committee adopted an amendment to the company’s Executive Severance Plan. The Amendment is effective as of December 31, 2025 and extends the plan’s expiration date by three years to December 31, 2028. The amendment document is filed as Exhibit 10.1 to the Form 8-K.

Key Details

• The Compensation Committee approved the Amendment on February 20, 2026.
• Effective date of the Amendment: December 31, 2025.
• The Amendment extends the Executive Severance Plan expiration to December 31, 2028 (a three-year extension).
• The Third Amendment to the Executive Severance Plan (filed as Exhibit 10.1) is incorporated by reference in the 8-K.

Why It Matters
This is a governance/compensation update that keeps the company’s executive severance framework in place through the end of 2028. For investors, the extension preserves the existing severance arrangement that could create obligations if qualifying termination events occur during the extended period. The filing does not disclose changes to severance amounts or other material terms beyond the expiration extension; consult Exhibit 10.1 for full details.