leadership
confidence high
sentiment neutral
materiality 0.75
Protolabs appoints Suresh Krishna as CEO; reaffirms Q2 2025 guidance
Proto Labs Inc
- Suresh Krishna appointed President, CEO, and director effective May 20, 2025, succeeding Robert Bodor.
- Krishna's employment agreement: $800,000 base salary, 100% target bonus, and equity grants totaling $4.4M (RSUs, options, PSUs, inducement awards).
- Robert Bodor departs as CEO and director; consulting agreement through May 25, 2025 at $700/hour.
- Shareholders approved amendment to 2022 LTIP, increasing shares by 296,000; all director nominees elected.
- Q2 2025 outlook reaffirmed: revenue $124M-$132M, diluted EPS $0.11-$0.19, non-GAAP diluted EPS $0.30-$0.38.
item 5.02item 5.07item 7.01item 9.01