8-K
filed February 13, 2023, 6:59 PM ET
ticker OUST
CIK 0001816581
other material
confidence high
sentiment neutral
materiality 0.65
Ouster completes Velodyne merger; appoints new CFO and GC, expands board
Ouster, Inc.
- Merger of equals with Velodyne closed Feb 10, 2023; CFO Anna Brunelle replaced by Velodyne's former CFO Mark Weinswig (base $370K, target bonus 70%).
- General Counsel Adam Dolinko replaced by Deputy GC Megan Chung; departing execs receive 12 months salary, bonus, COBRA, and equity acceleration.
- Board expands to 8 directors: 4 from Ouster (incl. new appointee Riaz Valani) and 4 from Velodyne; Dr. Ted Tewksbury named Executive Chairman.
- Non-employee directors receive one-time grant of 186,254 RSUs each, vesting quarterly over 5 installments.
- Adopted updated Non-Employee Director Compensation Program: $60K annual retainer, committee fees, and equity grants per plan.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Anna Brunelle departed as Chief Financial Officer at Ouster, Inc..
- Action
- separated
- Role
- Chief Financial Officer
Exact text from the filing
in connection with Ms. Brunelle’s separation from service with Ouster
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Weinswig was appointed as Chief Financial Officer at Ouster, Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
the Board of Ouster appointed Mark Weinswig to serve as Ouster’s Chief Financial Officer, effective on such date, succeeding Anna Brunelle
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Megan Chung was appointed as General Counsel and Secretary at Ouster, Inc..
- Action
- appointed
- Role
- General Counsel and Secretary
Exact text from the filing
Megan Chung, has been appointed to succeed Mr. Dolinko as the Company’s new General Counsel and Secretary.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adam Dolinko departed as General Counsel and Secretary at Ouster, Inc..
- Action
- ceased
- Role
- General Counsel and Secretary
Exact text from the filing
Adam Dolinko has also ceased serving as Ouster’s General Counsel and Secretary as of the Effective Date.
View on SEC.gov
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