CVRx appoints Kevin Hykes as President and CEO effective Feb 12, 2024; Yared retires

CVRx, Inc.

Hykes, a board member since Dec 2022, succeeds Nadim Yared who retires Feb 11, 2024 and will consult through Dec 2024 at $550/hr.
Hykes receives $640K base salary, 75% target cash incentive, $150K sign-on bonus, and option for 360K shares vesting over 4 years.
Option grant is an inducement award under Nasdaq Rule 5635(c)(4) with exercise price equal to closing price on Feb 12, 2024.
Hykes brings 30 years med device experience; previously CEO of Augmedics, Bardy Diagnostics, Relievant Medsystems, and Cameron Health.

item 5.02 item 9.01

Executive movements

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Appointed

Kevin Hykes

President and Chief Executive Officer

CVRX · CVRx, Inc.

Effective: 2024-02-12
Filed: January 31, 2024, 6:59 PM ET

On January 31, 2024, CVRx, Inc. (the “Company”) announced that its Board of Directors (the “Board”) appointed Kevin Hykes as President and Chief Executive Officer (“CEO”), effective February 12, 2024.

Departed

Nadim Yared

Chief Executive Officer

CVRX · CVRx, Inc.

Successor: Kevin Hykes
Filed: January 31, 2024, 6:59 PM ET

Mr. Yared will retire from the Board at the time of his retirement as CEO and will consult with the Company to ensure a seamless transition.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Hykes was appointed as President and Chief Executive Officer at CVRx, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On January 31, 2024, CVRx, Inc. (the “Company”) announced that its Board of Directors (the “Board”) appointed Kevin Hykes as President and Chief Executive Officer (“CEO”), effective February 12, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nadim Yared retired as Chief Executive Officer at CVRx, Inc..

Action: retired
Role: Chief Executive Officer

Exact text from the filing

Mr. Yared will retire from the Board at the time of his retirement as CEO and will consult with the Company to ensure a seamless transition.

View on SEC.gov

CVRx, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-008555

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