Mesa Labs CEO, CFO sign amended employment agreements; director David Kelly to retire April 2022

MESA LABORATORIES INC /CO/

Director David M. Kelly to retire from Board effective April 3, 2022, after 11 years of service.
New employment agreements with CEO Gary Owens (base salary $620k), CFO John Sakys, and SVPs DiNoia and Archbold, effective Sept 29, 2021.
Severance for termination without cause/good reason: 1x base+target bonus, 24 months COBRA, accelerated equity vesting.
On change of control, severance doubles to 2x base+target bonus and all unvested equity vests immediately.
Agreements are indefinite; CEO's seven-year-vesting equity from prior grant vests on voluntary resignation without good reason.

item 5.02 item 9.01

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Departed

David M. Kelly

Director

MLAB · MESA LABORATORIES INC /CO/

Effective: 2022-04-03
Filed: September 29, 2021, 7:59 PM ET

On September 24, 2021, David M. Kelly informed Mesa Laboratories, Inc. (the “ Company ”) of his planned retirement from the Board of Directors of the Company, including the Compensation Committee, to be effective as of close of business on April 3, 2022.

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Executive change SEC 8-K Item 5.02 confidence 0.95

David M. Kelly retired as Director at MESA LABORATORIES INC /CO/.

Action: retired
Role: Director

Exact text from the filing

On September 24, 2021, David M. Kelly informed Mesa Laboratories, Inc. (the “ Company ”) of his planned retirement from the Board of Directors of the Company, including the Compensation Committee, to be effective as of close of business on April 3, 2022.

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Source: SEC EDGAR

accession 0001437749-21-022857

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