Arlo Technologies names Kurt Binder CFO; Mattingly resigns; retention plan approved

Arlo Technologies, Inc.

Gordon Mattingly resigns as CFO effective Sept 21, 2022; no disagreement with company operations or policies.
Kurt Binder appointed CFO effective Sept 26, 2022; base salary $500k, target bonus 70%, inducement award of 750k RSUs and 750k PSUs.
Board amended 2018 EIP to reserve 1.5M shares exclusively for inducement awards to new employees under NYSE Rule 303A.08.
Executive Retention Plan approved for CEO McRae and GC Busse: cash and PSUs tied to cumulative paid subscriber milestones (2M to 5M). Cash base: McRae $2M, Busse $200k; PSU base: McRae 1M, Busse 100k.

item 5.02 item 9.01

Executive movements

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Departed

Gordon Mattingly

Chief Financial Officer

ARLO · Arlo Technologies, Inc.

Effective: 2022-09-21
Successor: Kurt Binder
Filed: August 26, 2022, 7:59 PM ET

On August 22, 2022, Gordon Mattingly informed Arlo Technologies, Inc. (“ Company ”) of his resignation from the positions of Chief Financial Officer, principal financial officer and principal accounting officer of the Company, to be effective as of September 21, 2022.

Appointed

Kurt Binder

Chief Financial Officer

ARLO · Arlo Technologies, Inc.

Effective: 2022-09-26
Filed: August 26, 2022, 7:59 PM ET

On August 22, 2022, the Board of Directors of the Company (the “ Board ”) appointed Kurt Binder as the Company’s Chief Financial Officer, principal financial officer and principal accounting officer, to be effective as of September 26, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gordon Mattingly resigned as Chief Financial Officer at Arlo Technologies, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On August 22, 2022, Gordon Mattingly informed Arlo Technologies, Inc. (“ Company ”) of his resignation from the positions of Chief Financial Officer, principal financial officer and principal accounting officer of the Company, to be effective as of September 21, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kurt Binder was appointed as Chief Financial Officer at Arlo Technologies, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On August 22, 2022, the Board of Directors of the Company (the “ Board ”) appointed Kurt Binder as the Company’s Chief Financial Officer, principal financial officer and principal accounting officer, to be effective as of September 26, 2022

View on SEC.gov

Arlo Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-231365

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