STAAR Surgical appoints Stephen Farrell CEO, replacing Tom Frinzi; Board chair changed

STAAR SURGICAL CO

Stephen Farrell named President & CEO effective Feb 26, 2025, succeeding Thomas Frinzi at Board's request.
Farrell receives $725K base salary, 100% target bonus, 200K RSUs + 200K PSUs (0-200% target) sign-on equity.
Outgoing CEO Tom Frinzi gets 18 months severance and $45K/month consulting contract through Jan 2026.
Board elects Elizabeth Yeu as Chair; separates CEO & Chair roles; reduces Board from 7 to 6 members.
Lilian Zhou appointed Audit Committee Chair; Farrell resigns from committees.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Elizabeth Yeu

Board Chair

STAA · STAAR SURGICAL CO

Effective: 2025-02-26
Filed: February 26, 2025, 6:59 PM ET

the Board elected Director Elizabeth Yeu, M.D., to serve as Board Chair, effective as of the Effective Date.

Appointed

Stephen C. Farrell

President and Chief Executive Officer

STAA · STAAR SURGICAL CO

Effective: 2025-02-26
Filed: February 26, 2025, 6:59 PM ET

the Board appointed Stephen C. Farrell to succeed Thomas G. Frinzi as President and Chief Executive Officer, effective February 26, 2025

Departed

Thomas G. Frinzi

President and Chief Executive Officer

STAA · STAAR SURGICAL CO

Effective: 2025-02-26
Successor: Stephen C. Farrell
Filed: February 26, 2025, 6:59 PM ET

Effective as the Effective Date, Mr. Frinzi has agreed to step down at the request of the Board from his positions as President and Chief Executive Officer, and he will cease to serve as a member of the Board of Directors and Board Chair and all other positions with the Company and its subsidiaries.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Elizabeth Yeu was elected as Board Chair at STAAR SURGICAL CO.

Action: elected
Role: Board Chair

Exact text from the filing

the Board elected Director Elizabeth Yeu, M.D., to serve as Board Chair, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen C. Farrell was appointed as President and Chief Executive Officer at STAAR SURGICAL CO.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Board appointed Stephen C. Farrell to succeed Thomas G. Frinzi as President and Chief Executive Officer, effective February 26, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas G. Frinzi departed as President and Chief Executive Officer at STAAR SURGICAL CO.

Action: stepped down
Role: President and Chief Executive Officer

Exact text from the filing

Effective as the Effective Date, Mr. Frinzi has agreed to step down at the request of the Board from his positions as President and Chief Executive Officer, and he will cease to serve as a member of the Board of Directors and Board Chair and all other positions with the Company and its subsidiaries.

View on SEC.gov

STAAR SURGICAL CO filing history →

Source: SEC EDGAR

accession 0000950170-25-027880

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