ResMed provides separation terms for former SaaS president: $704K severance, consulting deal

RESMED INC

Rajwant Sodhi resigned as president of SaaS business effective Aug 25, 2021; termination without cause.
Separation payments: $603,500 base, $80,647 pro-rata incentive, $19,544 COBRA; total ~$703,691.
Consulting agreement from Sept 2, 2021 to Nov 20, 2022; continued vesting of equity awards during term.
Sodhi agreed to non-disclosure, non-compete, and general release of ResMed.

item 5.02

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Departed

Rajwant Sodhi

president – Software-as-a-Service business

RMD · RESMED INC

Effective: 2021-08-25
Filed: October 7, 2021, 7:59 PM ET

On August 24, 2021, we determined that, effective August 25, Rajwant (“Raj”) Sodhi would cease serving as our president – Software-as-a-Service business.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Rajwant Sodhi departed as president – Software-as-a-Service business at RESMED INC.

Action: ceased serving
Role: president – Software-as-a-Service business

Exact text from the filing

On August 24, 2021, we determined that, effective August 25, Rajwant (“Raj”) Sodhi would cease serving as our president – Software-as-a-Service business.

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RESMED INC filing history →

Source: SEC EDGAR

accession 0001193125-21-294033

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