Accuray signs consulting agreement with departing CAO Palomba; new exec employment contracts

ACCURAY INC

Former CAO Franco Palomba departed Jan 3, 2023; consulting agreement at $375/hr through Mar 10, 2023.
New 3-year employment agreements for CEO Winter, CFO Pervaiz, GC Chew, and Global Ops VP Hoge effective Jan 1, 2023.
CEO salary $650k, target bonus 100%; CFO $427.5k/70%; GC $457.6k/60%; Ops $400.4k/60%.
Severance: non-CIC 12 months base; CIC 24 months base + 200% target bonus + full equity vesting.

item 5.02 item 9.01

Executive movements

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Departed

Franco Palomba

Chief Accounting Officer

ARAY · ACCURAY INC

Effective: 2023-01-03
Filed: January 6, 2023, 6:59 PM ET

On January 5, 2023, Accuray Incorporated (the “Company”) entered into a consulting agreement with Franco Palomba, the Company’s former Chief Accounting Officer and principal accounting officer, in order to facilitate an orderly transition in connection with Mr. Palomba’s departure from the Company on January 3, 2023 (the “Palomba Consulting Agreement”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Franco Palomba departed as Chief Accounting Officer at ACCURAY INC.

Action: departed
Role: Chief Accounting Officer

Exact text from the filing

On January 5, 2023, Accuray Incorporated (the “Company”) entered into a consulting agreement with Franco Palomba, the Company’s former Chief Accounting Officer and principal accounting officer, in order to facilitate an orderly transition in connection with Mr. Palomba’s departure from the Company on January 3, 2023 (the “Palomba Consulting Agreement”).

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ACCURAY INC filing history →

Source: SEC EDGAR

accession 0000950170-23-000329

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