Hyperfine appoints Brett Hale as CAO & CFO; Alok Gupta to step down by March 31
Hyperfine, Inc.
Brett Hale becomes CAO on Feb 13, 2023 and CFO after 2022 10-K filing; Alok Gupta exits by March 31.
Hale receives $425k base salary, 50% target bonus, $100k sign-on bonus, and 1M stock options vesting over 4 years.
Severance plan amended to include Hale; separation with ex-General Counsel Neela Paykel includes $195k pay, COBRA, and equity vesting through March 31, 2023.
On February 8, 2023, Hyperfine, Inc. (the “Company”) announced that Brett Hale has been appointed by the Board of Directors of the Company (the “Board”) to serve as Chief Administrative Officer of the Company, effective as of February 13, 2023
On February 3, 2023, the Company determined that the employment of Alok Gupta, the Company’s current Chief Financial Officer, will terminate effective as of March 31, 2023.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Brett Hale was appointed as Chief Financial Officer and Chief Administrative Officer at Hyperfine, Inc..
Action
appointed
Role
Chief Financial Officer and Chief Administrative Officer
Exact text from the filing
On February 8, 2023, Hyperfine, Inc. (the “Company”) announced that Brett Hale has been appointed by the Board of Directors of the Company (the “Board”) to serve as Chief Administrative Officer of the Company, effective as of February 13, 2023
Alok Gupta was terminated as Chief Financial Officer at Hyperfine, Inc..
Action
terminated
Role
Chief Financial Officer
Exact text from the filing
On February 3, 2023, the Company determined that the employment of Alok Gupta, the Company’s current Chief Financial Officer, will terminate effective as of March 31, 2023.
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