Pacira CEO David Stack to retire; board initiates search for successor

Pacira BioSciences, Inc.

Stack will remain as CEO until successor is appointed, then serve as consultant through August 2025.
Entitled to base salary through Sept 1, 2024; continues equity vesting and bonus eligibility for 2023-2024.
Board retains Klein Hersh International to lead comprehensive CEO search.
Transition agreement includes non-disparagement, cooperation, indemnification, and consulting fee of $20k/month for up to 15 hours.
Press release issued September 26, 2023; retirement effective upon appointment of new CEO.

item 5.02 item 7.01 item 9.01

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Departed

David Stack

Chief Executive Officer

PCRX · Pacira BioSciences, Inc.

Filed: September 26, 2023, 7:59 PM ET

David Stack informed the Board of Directors (the "Board") of Pacira BioSciences, Inc. (the "Company") that he intends to retire as Chief Executive Officer of the Company and as a member of the Board effective immediately following the appointment of his successor as Chief Executive Officer in order to ensure a smooth transition of leadership.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

David Stack departed as Chief Executive Officer at Pacira BioSciences, Inc..

Action: retire
Role: Chief Executive Officer

Exact text from the filing

David Stack informed the Board of Directors (the "Board") of Pacira BioSciences, Inc. (the "Company") that he intends to retire as Chief Executive Officer of the Company and as a member of the Board effective immediately following the appointment of his successor as Chief Executive Officer in order to ensure a smooth transition of leadership.

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Pacira BioSciences, Inc. filing history →

Source: SEC EDGAR

accession 0001396814-23-000048

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