secwatch.observer — SEC 8-K summary
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Issuer:     ORASURE TECHNOLOGIES INC (OSUR)
CIK:        0001116463
Form:       8-K
Filed at:   2022-01-06T23:59:59+00:00
Accession:  0000950170-22-000095
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OraSure CEO Stephen S. Tang to depart March 31, 2022; gets severance of $1.57M plus equity
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- CEO Stephen Tang's termination without cause effective March 31, 2022; transition period through that date.
- Tang receives lump sum severance of $1,569,614 (18 months salary plus target bonus).
- 50% of unvested time-based RSUs and PVRUs vest at termination; 2022 LTIP award of $834,909 vests at end.
- Lisa Nibauer becomes President of Diagnostics; salary raised to $460,000 and bonus target to 50%.
- Kathleen G. Weber becomes President of Molecular Solutions; salary raised to $460,000 and bonus target to 50%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116463/000095017022000095/0000950170-22-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116463/000095017022000095/osur-20211231.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-000095

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