Accuray Q3 revenue down 6% YoY; CEO Levine to retire, Winter named successor

ACCURAY INC

Net revenue $96.2M (down 6% YoY); GAAP net loss $1.0M ($0.01/share); adjusted EBITDA $5.4M.
Gross orders $88.6M (up 1% YoY); backlog $580.4M (down 5% from prior year third quarter).
CEO Joshua Levine retires effective June 30, 2022; enters consulting role for 12 months.
President Suzanne Winter promoted to CEO effective July 1, 2022; appointed to Board.
Ali Pervaiz appointed SVP & CFO effective May 9, 2022; Brandy Green retained as interim CFO.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Suzanne Winter

Class III Director

ARAY · ACCURAY INC

Effective: 2022-04-27
Filed: April 27, 2022, 7:59 PM ET

the Board appointed Ms. Winter as a Class III director of the Company, effective as of April 27, 2022.

Departed

Joshua H. Levine

Chief Executive Officer

ARAY · ACCURAY INC

Effective: 2022-06-30
Successor: Suzanne Winter
Filed: April 27, 2022, 7:59 PM ET

Joshua H. Levine, the Company’s Chief Executive Officer, informed the Board of Directors of the Company (the “Board”) of his intention to retire as Chief Executive Officer and as member of the Board effective June 30, 2022.

Appointed

Suzanne Winter

Chief Executive Officer

ARAY · ACCURAY INC

Effective: 2022-07-01
Filed: April 27, 2022, 7:59 PM ET

the Board appointed Suzanne Winter, President of the Company, to succeed Mr. Levine as the Company’s Chief Executive Officer, effective as of July 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Suzanne Winter was appointed as Class III Director at ACCURAY INC.

Action: appointed
Role: Class III Director

Exact text from the filing

the Board appointed Ms. Winter as a Class III director of the Company, effective as of April 27, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joshua H. Levine retired as Chief Executive Officer at ACCURAY INC.

Action: retired
Role: Chief Executive Officer

Exact text from the filing

Joshua H. Levine, the Company’s Chief Executive Officer, informed the Board of Directors of the Company (the “Board”) of his intention to retire as Chief Executive Officer and as member of the Board effective June 30, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Suzanne Winter was appointed as Chief Executive Officer at ACCURAY INC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Board appointed Suzanne Winter, President of the Company, to succeed Mr. Levine as the Company’s Chief Executive Officer, effective as of July 1, 2022.

View on SEC.gov

ACCURAY INC filing history →

Source: SEC EDGAR

accession 0001193125-22-123616

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