---
schema_version: "secwatch.filing_event.v1"
accession: "0000917491-23-000019"
form_type: "8-K"
ticker: null
cik: "0000917491"
company_name: "FARO TECHNOLOGIES INC"
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T15:15:20.338067+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000917491-23-000019
- form_type: 8-K
- cik: 0000917491
- company_name: FARO TECHNOLOGIES INC
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/917491/000091749123000019/0000917491-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/917491/000091749123000019/faro-20230628.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000917491-23-000019
- JSON: https://secwatch.observer/filing/0000917491-23-000019.json
- Plain text: https://secwatch.observer/filing/0000917491-23-000019.txt

## Key facts
- Executive change
  Yuval Wasserman changed role as Executive Chairman at FARO TECHNOLOGIES INC.
  - Action: transitioned
  - Role: Executive Chairman
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/917491/000091749123000019/0000917491-23-000019-index.htm
- Executive change
  Peter J. Lau was appointed as President & Chief Executive Officer at FARO TECHNOLOGIES INC.
  - Action: appointed
  - Role: President & Chief Executive Officer
  source text: appointed Peter J. Lau as the President & Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/917491/000091749123000019/0000917491-23-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.