secwatch.observer — SEC 8-K summary
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Issuer:     STAAR SURGICAL CO (STAA)
CIK:        0000718937
Form:       8-K
Filed at:   2025-03-18T23:59:59+00:00
Accession:  0000950170-25-040620
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STAAR Surgical realigns leadership: CFO steps down, new President & COO named
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- Warren Foust promoted to President & COO; Magda Michna named Chief Development Officer.
- CFO Patrick Williams steps down at Board's request; severance of $575,000 plus 12-month consulting.
- Deborah Andrews (former CFO) appointed Interim CFO; receives $150k/mo for Mar-May 2025.
- CTO Keith Holliday retires at Board's request; severance of $550,110 plus 12-month benefits.
- CEO Steve Farrell remains CEO; no longer holds President title.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/718937/000095017025040620/0000950170-25-040620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/718937/000095017025040620/staa-20250317.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-040620

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