secwatch.observer — SEC 8-K summary
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Issuer:     FARO TECHNOLOGIES INC (—)
CIK:        0000917491
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0000917491-23-000019
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/917491/000091749123000019/0000917491-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/917491/000091749123000019/faro-20230628.htm
  HTML page:      https://secwatch.observer/filing/0000917491-23-000019

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