Milestone Scientific CEO Arjan Haverhals to retire Dec 31, 2024; Chairman Neal Goldman named interim CEO

MILESTONE SCIENTIFIC INC.

CEO Arjan Haverhals retires as officer on Dec 31, 2024; remains director and consultant through family company.
Chairman Neal Goldman appointed Interim CEO effective January 1, 2025; board to engage executive search for permanent CEO.
Haverhals receives modified 2024 bonus (50% cash, 50% stock vs prior 33%/67%) and $350k consulting fee for 2025.
Press release highlights recent Medicare payment rate granted for CompuFlo Epidural System under CPT code 0777T.
Haverhals says retirement not due to any disagreement with board or management.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Neal Goldman

Interim Chief Executive Officer

MLSS · MILESTONE SCIENTIFIC INC.

Effective: 2025-01-01
Filed: November 14, 2024, 6:59 PM ET

Mr. Neal Goldman, the Chairman of the Board of Directors of the Company, has been appointed the Interim Chief Executive Officer, effective on Mr. Haverhals retirement.

Departed (interim)

Arjan Haverhals

Chief Executive Officer

MLSS · MILESTONE SCIENTIFIC INC.

Effective: 2024-12-31
Successor: Neal Goldman
Filed: November 14, 2024, 6:59 PM ET

On November 8, 2024, Mr. Arjan Haverhals, the Chief Executive Officer of Milestone Scientific Inc. (the “Company”), advised the Chairman of the Board that he intends to retire as an officer from the Company upon the expiration of, and not seek the renewal of, his employment agreement, on December 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Neal Goldman was appointed as Interim Chief Executive Officer at MILESTONE SCIENTIFIC INC..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

Mr. Neal Goldman, the Chairman of the Board of Directors of the Company, has been appointed the Interim Chief Executive Officer, effective on Mr. Haverhals retirement.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Arjan Haverhals departed as Chief Executive Officer at MILESTONE SCIENTIFIC INC..

Action: retire
Role: Chief Executive Officer

Exact text from the filing

On November 8, 2024, Mr. Arjan Haverhals, the Chief Executive Officer of Milestone Scientific Inc. (the “Company”), advised the Chairman of the Board that he intends to retire as an officer from the Company upon the expiration of, and not seek the renewal of, his employment agreement, on December 31, 2024.

View on SEC.gov

MILESTONE SCIENTIFIC INC. filing history →

Source: SEC EDGAR

accession 0001437749-24-035286

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.