Posted 25 August, 2022
SHARPS COMPLIANCE CORP appointed new CEO
CEO Change detected for ticker Nasdaq:SMED in a 8-K filed on 25 August, 2022.
Following consummation of the Merger, the following persons were appointed officers of the Company: John Pencak as Chief Financial Officer, and Allen Ruttenberg as Chief Marketing Officer, joining the following existing officers of the Company: W. Patrick Mulloy II, Chief Executive Officer and President, Diana P. Diaz, Senior Vice President, Secretary, and Chief Accounting Officer, Gregory C. Davis, Vice President of Operations, and Dennis P. Halligan, Vice President of Sales and Marketing.
N/A
Item 5.02. Departure of Directors or Certain Officers: Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. In connection with the consummation of the Merger, as contemplated by the Merger Agreement, W. Patrick Mulloy II, Sharon R. Gabrielson, Parris H. Holmes, Susan N. Vogt, and Gary R. Enzor resigned from the Board of Directors of the Company, effective as of the Effective Time. Following consummation of the Merger, the following persons, who were members of the Board of Directors of Merger Sub, became the new members to the Board of Directors of the Company: Angela Klappa, Andrew Wilson, Matthew Laycock, Matthew Asperheim, Charles Veniez, and Robert Weil. Information about Ms. Klappa and Messrs. Wilson, Laycock, Asperheim, Veniez, and Weil is contained in the Offer to Purchase, filed by Parent and Merger Sub as Exhibit (a)(1)(A) to the Tender Offer Statement on Schedule TO, originally filed with the SEC on July 25, 2022, which information is incorporated herein by reference. In connection with the consummation of the Merger, Eric T. Bauer resigned as an officer of the Company and terminated employment with the Company, effective as of August 23, 2022. Pursuant to his employment agreement, subject to Mr. Bauer's execution, delivery, and non-revocation of a release agreement in favor of the Company and continued compliance with certain restrictive covenants, including covenants relating to confidentiality, non-competition, and non-solicitation (the "Release Agreement"), Mr. Bauer will receive severance payments equal to six months of base salary in the amount of $137,500 plus $17,482.64, such amount equal to the pro rata portion of Mr. Bauer's annual bonus for the fiscal year commenced July 1, 2022 (collectively, the "Severance Payments"). The Severance Payments will be paid in a lump sum as soon as practicable following the effectiveness of the Release Agreement. Following consummation of the Merger, the following persons were appointed officers of the Company: John Pencak as Chief Financial Officer, and Allen Ruttenberg as Chief Marketing Officer, joining the following existing officers of the Company: W. Patrick Mulloy II, Chief Executive Officer and President, Diana P. Diaz, Senior Vice President, Secretary, and Chief Accounting Officer, Gregory C. Davis, Vice President of Operations, and Dennis P. Halligan, Vice President of Sales and Marketing. In accordance with the terms of the Merger Agreement, the Sharps Compliance Corp. 2010 Stock Plan, as amended, was terminated effective as of the Effective Time.
Interested in special situations?
Join Tickerverse
- customize event filters
- create watchlists, bookmarks
- get email notifications for the latest special situations
- browse and analyze public companies, executives and SEC filings
Tickerverse is a great way to find investment opportunities in corporate actions.
By signing up you agree to our Terms of Service and Privacy Policy.