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Merchandise 5.02 Departure of Administrators or Sure Officers; Election of
Administrators; Appointment of Sure Officers; Compensatory Preparations of Sure
Officers.
Appointment of Chief Monetary Officer
On
saying the appointment of
the Firm, efficient on or earlier than
accountability for all areas of accounting and finance, together with enterprise
planning and modeling, organizational useful resource planning, investor and analyst
relations, and required reporting and associated filings with the
Alternate Fee
directing company finance actions of private and non-private firms with an
established file in considerably rising enterprise worth.
the Firm from
options that amplify human potential by supporting or enhancing power,
endurance, and mobility throughout medical and industrial purposes, the place he
served as Chief Monetary Officer from 2018 to 2022. Earlier than Esko Bionics,
Glenn
venture-backed firm from 2016 to 2017. His prior expertise additionally consists of
serving as Chief Monetary Officer at a number of different firms, together with
2016;
Valeant Pharmaceutical; Cholestech, which was acquired by
Glenn
Enterprise Administration from the
There are not any preparations or understandings between
individuals pursuant to which he was chosen as an officer of the Firm.
Glenn
Administrators. In any other case, there are not any household relationships between
any director or govt officer of the Firm.
oblique materials curiosity in any associated occasion transaction required to be
disclosed pursuant to Merchandise 404(a) of Regulation S-Ok.
The Firm has entered into an employment settlement with
Officer (the “Employment Settlement”). Pursuant to his employment settlement,
Glenn’s
of fifty% of his wage, which quantity could also be adjusted based mostly on the general
profitability of the Firm and his particular person efficiency. Upon his rent date,
worth utilizing the Firm’s closing inventory worth on the day previous his rent
date.
the Firm’s 2014 Fairness Incentive Plan and can vest in 4 equal annual
installments. Upon vesting,
inventory equal to the variety of restricted inventory models which have vested. The
employment settlement continues till terminated by us or by
accordance with the phrases of the settlement. If
with out trigger or he terminates his employment with us for good purpose, every as
outlined below the settlement, we should pay him an quantity equal to 12 (12)
months base wage. Within the occasion that we’re concerned in a change of management
transaction, which typically means the switch of possession of greater than 50% of
our shares, and
should pay him an quantity equal to eighteen (18) months of his then-current annual
wage. The settlement additionally accommodates non-solicitation, non-compete and
confidentiality provisions.
This abstract description is certified in its entirety by reference to the
employment settlement between the Firm and
Exhibit 10.1 to this Present Report on Type 8-Ok and is integrated herein by
reference.
The complete textual content of the press launch saying
included in Exhibit 99.1 to this report.
Merchandise 9.01 Monetary Statements and Reveals. (d) Reveals
10.1 Employment Settlement, dated as ofMight 21, 2022 by and betweenIradimed Company andJohn (Jack) Glenn . 99.1 Press launch datedMight 26, 2022 . 104 Cowl Web page Interactive Information File (formatted in Inline XBRL and contained in Exhibit 101)
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