Merit Medical President Joseph Wright resigns amid conduct allegations; CEO Lampropoulos reassumes President role

MERIT MEDICAL SYSTEMS INC

President Joseph C. Wright resigns effective Jan 3, 2025, following allegations investigated by independent directors.
Allegations unrelated to Merit's operations or financial performance; no material misconduct affecting business found.
CEO Fred P. Lampropoulos, age 75, re-appointed as President; he previously held the role from 1987 to May 2024.
Under separation agreement, Wright retains vested stock options, forfeits unvested equity; receives salary through resignation date.
Lampropoulos is brother-in-law of Wright; no change to his compensation as disclosed in April 2024 proxy.

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