Cutera appoints Stuart Drummond as Interim CFO, grants retention bonuses

CUTERA INC

Stuart Drummond appointed Interim CFO effective May 5, 2023, with annual base salary of $300,000.
Drummond eligible for retention bonuses totaling $170,000 tied to new CFO appointment and subsequent milestones.
Michael Karavitis granted retention bonuses of $225,000 payable on four dates from July 2023 to April 2024.
Board approved new Executive Change in Control and Severance Policy with tiered severance benefits (Tier 3 for Drummond, Tier 2 for Karavitis).

item 5.02 item 9.01

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Appointed (interim)

Stuart Drummond

Interim Chief Financial Officer

CUTERA INC

Effective: 2023-05-05
Filed: May 16, 2023, 7:59 PM ET

the board of directors (the “Board”) of Cutera, Inc. (the “Company”) appointed Stuart Drummond as Interim Chief Financial Officer (“CFO”) of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Stuart Drummond was appointed as Interim Chief Financial Officer at CUTERA INC.

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

the board of directors (the “Board”) of Cutera, Inc. (the “Company”) appointed Stuart Drummond as Interim Chief Financial Officer (“CFO”) of the Company.

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Source: SEC EDGAR

accession 0001193125-23-146107

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