leadership
confidence high
sentiment neutral
materiality 0.60
Patterson Companies' Dental President Tim Rogan Steps Down; Transition Agreement Reached
PATTERSON COMPANIES, INC.
- Tim E. Rogan steps down as President of Patterson Dental effective May 10, 2024; will serve as advisor until Aug 2, 2024.
- Dental segment to report to COO Kevin Pohlman during search for new leader.
- Rogan receives severance of $678,000 (1.5 years salary) plus average MICP bonus paid over 18 months, and COBRA premiums.
- Rogan agrees to 18-month post-employment non-compete and non-solicitation restrictions.
- Transition & Separation Agreement filed as Exhibit 10 to Form 8-K.