---
schema_version: "secwatch.filing_event.v1"
accession: "0000917491-24-000001"
form_type: "8-K"
ticker: null
cik: "0000917491"
company_name: "FARO TECHNOLOGIES INC"
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:44:11.609473+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FARO promotes Matthew Horwath to CFO; Allen Muhich to depart as CFO effective Jan 16, 2024

## Summary
- Matthew Horwath appointed SVP & CFO effective Jan 16, 2024; previously VP of Finance.
- Allen Muhich steps down as CFO but remains employee/strategic advisor through April 1, 2024.
- Horwath compensation: $385k base salary, 65% target bonus, $800k RSU grant (60% performance, 40% time-vested).
- Muhich receives lump sum of $452,632 (annual salary) and up to 12 months COBRA premium coverage.
- Transition described as amicable; search included internal and external candidates per CEO Peter Lau.

## SEC filing metadata
- accession: 0000917491-24-000001
- form_type: 8-K
- cik: 0000917491
- company_name: FARO TECHNOLOGIES INC
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/917491/000091749124000001/0000917491-24-000001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/917491/000091749124000001/faro-20240112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000917491-24-000001
- JSON: https://secwatch.observer/filing/0000917491-24-000001.json
- Plain text: https://secwatch.observer/filing/0000917491-24-000001.txt

## Key facts
- Executive change
  Allen Muhich departed as Chief Financial Officer at FARO TECHNOLOGIES INC.
  - Action: depart
  - Role: Chief Financial Officer
  source text: Mr. Horwath will succeed Allen Muhich, who will cease serving and depart as Chief Financial Officer effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/917491/000091749124000001/0000917491-24-000001-index.htm

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