secwatch.observer — SEC 8-K summary
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Issuer:     ORASURE TECHNOLOGIES INC (OSUR)
CIK:        0001116463
Form:       8-K
Filed at:   2022-08-12T23:59:59+00:00
Accession:  0000950170-22-017127
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OraSure appoints Ken McGrath as CFO; three directors resign as part of strategic transformation
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- Ken McGrath named CFO effective Aug 8, 2022; succeeds Scott Gleason, who served as interim CFO since Sep 2021.
- $475K base salary, 50% target bonus, 131,883 restricted shares (value $400K) vesting over 3 years.
- Directors Michael Celano, Ronny Lancaster, Eamonn Hobbs resign effective Nov 8, 2022; board size reduced from 10 to 7.
- Mara Aspinall appointed as new Chairwoman of the Board effective Nov 8, 2022.
- McGrath brings over 20 years healthcare finance experience, most recently VP Finance at Quest Diagnostics.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116463/000095017022017127/0000950170-22-017127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116463/000095017022017127/osur-20220808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-017127

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