Modular Medical appoints Kevin Schmid as COO; $250K salary, 175K share option

Modular Medical, Inc.

Kevin Schmid appointed COO on July 21, 2022, effective immediately.
Annual salary $250,000 with discretionary target bonus up to 50% of base salary.
Granted option for 175,000 shares vesting over 3 years; 1/3 at one year, then monthly.
Severance: six months salary if terminated without cause. Previously VP at Insulet, CEO at Common Sensing.

item 3.02 item 5.02 item 8.01 item 9.01

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Appointed

Kevin Schmid

Chief Operating Officer

MODD · Modular Medical, Inc.

Effective: 2022-07-21
Filed: July 26, 2022, 7:59 PM ET

On July 21, 2022, the Board of Directors (the “Board”) of Modular Medical, Inc. (the “Company”) appointed Kevin Schmid as Chief Operating Officer of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Kevin Schmid was appointed as Chief Operating Officer at Modular Medical, Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On July 21, 2022, the Board of Directors (the “Board”) of Modular Medical, Inc. (the “Company”) appointed Kevin Schmid as Chief Operating Officer of the Company.

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Modular Medical, Inc. filing history →

Source: SEC EDGAR

accession 0001019056-22-000518

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