Modular Medical appoints former Insulet CEO Duane DeSisto to board; William Febbo resigns

Modular Medical, Inc.

William Febbo resigned from the board effective July 5, 2023; not due to any disagreement.
Duane DeSisto appointed to board and to chair Compensation Committee, effective July 5, 2023.
DeSisto was President & CEO of Insulet (OmniPod pump) from 2001–2014; grew market cap to >$2B.
DeSisto received an RSU for 250,000 shares vesting quarterly over three years.
As non-employee director, DeSisto will get $30K annual cash/equity plus $100K annual equity award.

item 3.02 item 5.02 item 9.01

Executive movements

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Appointed

Duane DeSisto

Director

MODD · Modular Medical, Inc.

Effective: 2023-07-05
Filed: July 10, 2023, 7:59 PM ET

On July 5, 2023, the Board appointed Duane DeSisto, 68, to serve as a member of the Board and to chair the Compensation Committee of the Board, effective immediately.

Departed

William Febbo

Director

MODD · Modular Medical, Inc.

Effective: 2023-07-05
Filed: July 10, 2023, 7:59 PM ET

On July 5, 2023, William Febbo resigned from the board of directors (the “Board”) of Modular Medical, Inc. (the “Company”) effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Duane DeSisto was appointed as Director at Modular Medical, Inc..

Action: appointed
Role: Director

Exact text from the filing

On July 5, 2023, the Board appointed Duane DeSisto, 68, to serve as a member of the Board and to chair the Compensation Committee of the Board, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

William Febbo resigned as Director at Modular Medical, Inc..

Action: resigned
Role: Director

Exact text from the filing

On July 5, 2023, William Febbo resigned from the board of directors (the “Board”) of Modular Medical, Inc. (the “Company”) effective immediately.

View on SEC.gov

Modular Medical, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-055629

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