secwatch.observer — SEC 8-K summary
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Issuer:     VIAVI SOLUTIONS INC. (VIAV)
CIK:        0000912093
Form:       8-K
Filed at:   2023-08-30T23:59:59+00:00
Accession:  0000912093-23-000040
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VIAVI CFO Henk Derksen resigns; Pam Avent named interim CFO effective Oct 1
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- Henk Derksen resigns as CFO effective Aug 25, 2023, to return to Europe; departs Sept 30, 2023, with no dispute.
- Board appoints Global Controller Pam Avent as interim CFO effective Oct 1, 2023, with $15k/month additional pay.
- Avent's VPP target increased to 50% of base salary for interim period; $70k bonus upon permanent CFO hire.
- Avent also receives $50k cash bonus in Nov 2024 and $50k in Nov 2025, subject to continued service.
- Company has initiated a formal search for a permanent CFO successor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912093/000091209323000040/0000912093-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912093/000091209323000040/viav-20230825.htm
  HTML page:      https://secwatch.observer/filing/0000912093-23-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer