secwatch.observer — SEC 8-K summary
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Issuer:     STAAR SURGICAL CO (STAA)
CIK:        0000718937
Form:       8-K
Filed at:   2026-01-15T23:59:59+00:00
Accession:  0001193125-26-013622
Event type: leadership
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STAAR Surgical CEO Farrell to step down Jan 31; Broadwood appoints three new directors
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- CEO Stephen Farrell to step down as CEO by Jan 31, 2026; will remain as consultant for 1 year at $45k/month.
- Board expands from 6 to 7; Neal Bradsher and Richard LeBuhn (Broadwood, 31% owner) and Christopher Wang (Yunqi Capital, 6.5%) appointed.
- Elizabeth Yeu resigns as Board Chair and director; Board seeks new Chair and CEO.
- NASDAQ audit committee noncompliance due to Yeu resignation; Company using cure period.
- Cooperation agreement includes standstill until June 18, 2026; mutual non-disparagement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/718937/000119312526013622/0001193125-26-013622-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/718937/000119312526013622/d831960d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-013622

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