secwatch.observer — SEC 8-K summary
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Issuer:     CUTERA INC (—)
CIK:        0001162461
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001193125-23-146107
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cutera appoints Stuart Drummond as Interim CFO, grants retention bonuses
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162461/000119312523146107/0001193125-23-146107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162461/000119312523146107/d434153d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-146107

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