secwatch.observer — SEC 8-K summary
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Issuer:     STAAR SURGICAL CO (STAA)
CIK:        0000718937
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0000950170-25-027880
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/718937/000095017025027880/0000950170-25-027880-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/718937/000095017025027880/staa-20250226.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-027880

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