Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 1, 2022, in connection with the transactions contemplated by the Business Combination Agreement, dated December 22, 2021, by and among Ortho Clinical Diagnostics Holdings plc (the "Company"), Quidel Corporation ("Quidel"), Coronado Topco, Inc. ("Topco") and other parties thereto (the "BCA"), the Company's Compensation Committee approved an amendment to outstanding equity awards (other than for the individuals receiving the letter agreements described below) (the "Omnibus Amendment"). The Omnibus Amendment provides for the immediate vesting of unvested options in the event that the option holder's service with the Company is terminated before or after the consummation of the transactions contemplated by the BCA (the "Closing"). In addition, pursuant to a letter agreement entered into on April 7, 2022, by and between the Company and Michael Schlesinger, the Company's current Executive Vice President, General Counsel and Secretary, Mr. Schlesinger will vest 100% in his outstanding stock options upon a termination of his employment by the Company or an affiliate, including Topco, not for cause or by Mr. Schlesinger for good reason.

On April 3, 2022, the Company entered into a letter agreement with Christopher Smith, the Company's current Chief Executive Officer, pursuant to which Mr. Smith's outstanding performance-based restricted shares will vest as follows, without regard to the original share price vesting hurdles for such restricted shares:

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39,385 shares will be forfeited for no consideration upon the Closing;

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39,385 shares will vest on July 28, 2022 (or, if later, the Closing), 39,385 shares will vest on February 28, 2023 (or, if later, the Closing) and 39, 385 shares will vest on the one year anniversary of the Closing, in each case subject to Mr. Smith's continued service with Topco or its affiliates through such date.

Additionally, the letter agreement with Mr. Smith provides that his 159,340 time-based restricted shares will continue to vest on September 9, 2022 in accordance with their terms subject to Mr. Smith's continued service with Topco or its affiliates through such date. In the event that Mr. Smith is asked to leave the board of directors of Topco following the Closing, other than as a result of his voluntary resignation or termination or removal for cause, all restricted shares remaining outstanding and unvested will vest.

On April 3, 2022, Topco, a wholly owned indirect subsidiary of the Company, entered into an amended and restated Special Advisor Agreement (the "Restated Advisor Agreement") with Christopher Smith, the Company's current Chief Executive Officer. Prior to its restatement, the original Special Advisor Agreement with Mr. Smith, provided that upon and subject to the consummation of the transactions contemplated by the BCA, Mr. Smith will be engaged as a Special Advisor to Topco. The Restated Advisor Agreement provides that any unvested options held by Mr. Smith as of the Closing shall vest in full as of the Closing, and that all vested stock options shall remain exercisable for a period of three years following the Closing. In addition, the Restated Advisor Agreement modifies the original agreement to provide that Mr. Smith and his dependents may participate in the Company's group health plans through December 31, 2022, if the terms of such group health plans permit their participation as of the Closing. For a period of one year following the Closing, the Company shall pay the same portion of Mr. Smith's premiums for group health plan coverage (including COBRA coverage) as it does for full-time employees.

The foregoing description of the Omnibus Amendment, the letter agreements with Mr. Smith and Mr. Schlesinger, and the Restated Advisor Agreement does not purport to be complete and is qualified in its entirety by reference to the text of the respective agreements, which are filed as Exhibit 99.1, 99.2, 99.3, and 99.4 to this Current Report on Form 8-K and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.



Exhibit
Number                                  Description
            Omnibus Amendment to Award Agreements, approved by the Compensation
 99.1     Committee on April 1, 2022
            Letter Agreement dated April 7, 2022 between the Company and Michael
 99.2     Schlesinger
            Letter Agreement dated April 3, 2022 between the Company and
 99.3     Christopher Smith
            Amended and Restated Special Advisor Agreement dated April 3, 2022
 99.4     between Christopher Smith and Coronado Topco, Inc.
           Cover Page Interactive Data File (embedded within the Inline XBRL
 104      document).

IMPORTANT ADDITIONAL INFORMATION AND WHERE TO FIND IT

In connection with the proposed business combination transaction among Quidel, the Company and Topco, on January 31, 2022, Topco filed a preliminary registration statement on Form S-4 with the Securities and Exchange Commission (the "Commission") that contains

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a joint proxy statement/prospectus and other relevant documents concerning the proposed transaction. The joint proxy statement/prospectus is not final and may be amended.

YOU ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND THE OTHER RELEVANT DOCUMENTS THAT HAVE BEEN OR MAY BE FILED WITH THE COMMISSION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS THERETO, IF AND WHEN THEY BECOME AVAILABLE, BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT QUIDEL, THE COMPANY AND THE PROPOSED TRANSACTION.

The definitive joint proxy statement/prospectus will be mailed to Quidel's stockholders and the Company's shareholders when available. You can also obtain the joint proxy statement/prospectus, the definitive version (when it becomes available) and the other documents filed with the Commission free of charge at the Commission's website, www.sec.gov. In addition, you may obtain free copies of the joint proxy statement/prospectus, the definitive version (when it becomes available) and the other documents filed by Quidel and the Company with the Commission by requesting them in writing from Quidel Corporation, 9975 Summers Ridge Road, San Diego, CA 92121, Attention: Investor Relations, or by telephone at 858-646-8023, or from Ortho Clinical Diagnostics Holdings plc, 1001 Route 202, Raritan, New Jersey 08869, Attention: Investor Relations, or by directing a written request to SVC Ortho-SVC@SARDVERB.com.

Quidel and the Company and their respective directors and executive officers may be deemed under the rules of the Commission to be participants in the solicitation of proxies. Information about Quidel's directors and executive officers and their ownership of Quidel's common stock is set forth in Quidel's Annual Report on Form 10-K/A filed with the Commission on March 11, 2022. Information about the Company's directors and executive officers and their ownership of the Company's ordinary shares is set forth in the Company's Annual Report on Form 10-K filed with the Commission on March 19, 2022. These documents may be obtained free of charge from the sources indicated above. Information regarding the identity of the potential participants, and their direct or indirect interests in the transaction, by security holdings or otherwise, is contained in the joint proxy statement/prospectus and will be contained in other relevant materials when they are filed with the Commission.

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