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Actionable news in BAX: BAXTER INTERNATIONAL Inc,

Baxter International: Joele Frank, Wilkinson Brimmer Katcher

The following excerpt is from the company's SEC filing.

Matthew Sherman / Kelly Sullivan / Becky McClain

(212) 355-4449

Third Point LLC

Elissa Doyle


Baxter Appoints Munib Islam to Board;

Announces Agreement with Third Point

DEERFIELD, Ill. September 30, 2015

Baxter International Inc. (NYSE: BAX) today announced it has reached an agreement with Third Point LLC to appoint Munib Islam to its Board of Directors immediately and add another, mutually agreed upon independent director in the near-term. Mr. Islam, a Partner at Third Point, will serve on the Boards executive se arch working group and audit committee. The companys Board will increase to 12 members with the addition of the two new directors.

We are pleased to welcome Munib to the Board. He will provide fresh perspectives from the companys largest shareholder and will be able to draw upon his significant capital allocation and public market experience, said Thomas T. Stallkamp, lead independent director of Baxter. We are committed to fostering long-term growth and believe his addition will augment Baxters commitment to accelerating profitable growth as a leading global medical products provider, added Stallkamp.

Mr. Islam is a Partner at Third Point, where he leads equity research, and sits on the firms Risk Committee. Mr. Islam previously worked at Highbridge Capital, where he was a Managing Director and the Portfolio Manager of the Highbridge European Value Equities fund. Earlier in his career, Mr. Islam worked at the private equity firm Oak Hill Capital and as an investment banker at...