DarioHealth COO Dror Bacher terminated immediately; advisory role and reduced salary through May 2025

DarioHealth Corp.

COO Dror Bacher terminated effective Jan 23, 2023; retained as advisory board member.
Monthly salary reduced to 42,137 NIS (~$12,504) from Feb 2023 through May 2025.
Subject to Compensation Committee approval, 75,000 restricted shares granted, vesting quarterly through Dec 2024.
Non-compete clause with 12-month post-termination restriction; specific competitors listed (Livongo, Omada, Virta, Vida).

item 5.02 item 9.01

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Departed

Dror Bacher

Chief Operating Officer

DRIO · DarioHealth Corp.

Effective: 2023-01-23
Filed: January 27, 2023, 6:59 PM ET

On January 23, 2023, DarioHealth Corp. (the “Company”), through its wholly owned subsidiary Labstyle Innovation Ltd., executed a Termination of Employment and Separation Agreement (the “Agreement”) with Dror Bacher, the Company’s Chief Operating Officer, pursuant to which Mr. Bacher’s position as Chief Operating Officer was terminated with immediate effect.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Dror Bacher was terminated as Chief Operating Officer at DarioHealth Corp..

Action: terminated
Role: Chief Operating Officer

Exact text from the filing

On January 23, 2023, DarioHealth Corp. (the “Company”), through its wholly owned subsidiary Labstyle Innovation Ltd., executed a Termination of Employment and Separation Agreement (the “Agreement”) with Dror Bacher, the Company’s Chief Operating Officer, pursuant to which Mr. Bacher’s position as Chief Operating Officer was terminated with immediate effect.

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DarioHealth Corp. filing history →

Source: SEC EDGAR

accession 0001104659-23-007572

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