Inogen officer Nabil Shabshab separates; receives $1.4M severance, resigns from board

Inogen Inc

Shabshab's employment ended Nov 10, 2023; entered separation agreement on Nov 22, 2023.
Severance of $1.4M paid over 24 months at $58,333.33/month, plus 24-month COBRA reimbursement.
Equity awards eligible for double-trigger vesting acceleration if change of control within 3 months after separation.
Retains $8,053 in airfare credits; resigns from board effective Nov 22, 2023, no disagreement with company.
Reaffirms confidentiality obligations; returns company property; assigns inventions to Inogen.

item 5.02 item 9.01

Executive movements

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Departed

Nabil Shabshab

Director

INGN · Inogen Inc

Effective: 2023-11-22
Filed: November 27, 2023, 6:59 PM ET

Mr. Shabshab resigned from the Company’s board of directors, effective as of November 22, 2023

Departed

Nabil Shabshab

Other Named Officer

INGN · Inogen Inc

Effective: 2023-11-10
Filed: November 27, 2023, 6:59 PM ET

Mr. Shabshab’s role as an officer and employee of the Company ended effective November 10, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Nabil Shabshab resigned as Director at Inogen Inc.

Action: resigned
Role: Director

Exact text from the filing

Mr. Shabshab resigned from the Company’s board of directors, effective as of November 22, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Nabil Shabshab departed as other_named_officer at Inogen Inc.

Action: ended

Exact text from the filing

Mr. Shabshab’s role as an officer and employee of the Company ended effective November 10, 2023

View on SEC.gov

Inogen Inc filing history →

Source: SEC EDGAR

accession 0000950170-23-066108

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