Merit Medical finalizes separation with ex-COO Frost; $1.2M lump sum, PSUs terminated

MERIT MEDICAL SYSTEMS INC

Separation agreement executed Aug 26, 2022; Frost's employment ended that date.
Lump-sum payment of $1,200,000; all outstanding performance stock unit awards terminated.
Frost may receive contingent cash payments based on 2020 Three-Year and 2021 Two-Year PSU criteria.
Company to pay COBRA premiums through Feb 29, 2024, or until new coverage.
One-year non-solicit of employees and customers; confidentiality obligations.

item 5.02 item 9.01

Executive movements

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Departed

Ronald A. Frost

Chief Operating Officer

MMSI · MERIT MEDICAL SYSTEMS INC

Effective: 2022-08-26
Filed: September 1, 2022, 7:59 PM ET

On August 26, 2022, the Company and Ronald A. Frost entered into a Separation Agreement setting forth the terms and conditions of his separation from the Company

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.6

Ronald A. Frost departed as Chief Operating Officer at MERIT MEDICAL SYSTEMS INC.

Action: separated
Role: Chief Operating Officer

Exact text from the filing

On August 26, 2022, the Company and Ronald A. Frost entered into a Separation Agreement setting forth the terms and conditions of his separation from the Company

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MERIT MEDICAL SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001104659-22-097010

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