OSI Systems names Ajay Mehra as President and CEO effective Jan 1, 2025; Deepak Chopra becomes Exec Chairman

OSI SYSTEMS INC

Ajay Mehra, current President of OSI's Security division, succeeds Deepak Chopra as CEO on Jan 1, 2025.
Mehra's initial base salary set at $750,000; eligible for performance-based RSUs and bonus up to 200% of base.
Mehra is first cousin of Chopra; no material related-party transactions disclosed.
Mehra led Security division to over $1B in annual revenues; joined OSI in 1989 as CFO and oversaw IPO.
Chopra transitions to Executive Chairman; search process was conducted by the Board.

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