FARO appoints Peter Lau as President & CEO, effective July 24, 2023

FARO TECHNOLOGIES INC

Peter Lau appointed President & CEO and Board member; effective July 24, 2023.
Yuval Wasserman transitions from Interim CEO to Executive Chairman.
Compensation: $600k base salary, target bonus 100%, $4.4M RSUs (60% performance), $300k signing bonus.
Lau previously CEO of Catalyst Nutraceuticals, President at Hubbell Electrical, roles at Honeywell and GE.
Board size increased to 9 members.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Yuval Wasserman

Executive Chairman

FARO TECHNOLOGIES INC

Effective: 2023-07-24
Filed: June 29, 2023, 7:59 PM ET

Mr. Wasserman will no longer be the Company’s Interim Chief Executive Officer at that time but will continue as the Company’s Executive Chairman.

Appointed

Peter J. Lau

President & Chief Executive Officer

FARO TECHNOLOGIES INC

Effective: 2023-07-24
Filed: June 29, 2023, 7:59 PM ET

appointed Peter J. Lau as the President & Chief Executive Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Yuval Wasserman changed role as Executive Chairman at FARO TECHNOLOGIES INC.

Action: transitioned
Role: Executive Chairman

Exact text from the filing

Mr. Wasserman will no longer be the Company’s Interim Chief Executive Officer at that time but will continue as the Company’s Executive Chairman.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Peter J. Lau was appointed as President & Chief Executive Officer at FARO TECHNOLOGIES INC.

Action: appointed
Role: President & Chief Executive Officer

Exact text from the filing

appointed Peter J. Lau as the President & Chief Executive Officer

View on SEC.gov

Source: SEC EDGAR

accession 0000917491-23-000019

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