Universal Biosensors appoints Peter Mullin as CFO; Salesh Balak resigns as CFO, stays as advisor

UNIVERSAL BIOSENSORS INC

Appointed Peter Mullin as CFO and Finance Director effective Dec 18, 2024; will serve as principal financial and accounting officer.
First-year total remuneration package A$275,000 (base A$246,637 + superannuation); second-year increases to A$325,000.
15M options to be granted under EIP, subject to shareholder approval; vest in three tranches at exercise prices A$0.15, A$0.20, A$0.30.
Salesh Balak resigned as CFO by mutual agreement; transitions to Corporate Advisor and remains Corporate Secretary; departure not due to disagreements.

item 5.02 item 9.01

Executive movements

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Appointed

Peter Mullin

Chief Financial Officer and Finance Director

UNIVERSAL BIOSENSORS INC

Effective: 2024-12-18
Filed: January 7, 2025, 6:59 PM ET

Universal Biosensors, Inc. (the “ Company ”) announced that its board of directors (the “ Board ”) appointed Peter Mullin as Chief Financial Officer and Finance Director.

Departed

Salesh Balak

Chief Financial Officer

UNIVERSAL BIOSENSORS INC

Successor: Peter Mullin
Filed: January 7, 2025, 6:59 PM ET

the Company and Salesh Balak, the Company’s Chief Financial Officer, mutually agreed that Mr. Balak will resign from his position as Chief Financial Officer at the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Mullin was appointed as Chief Financial Officer and Finance Director at UNIVERSAL BIOSENSORS INC.

Action: appointed
Role: Chief Financial Officer and Finance Director

Exact text from the filing

Universal Biosensors, Inc. (the “ Company ”) announced that its board of directors (the “ Board ”) appointed Peter Mullin as Chief Financial Officer and Finance Director.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Salesh Balak resigned as Chief Financial Officer at UNIVERSAL BIOSENSORS INC.

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

the Company and Salesh Balak, the Company’s Chief Financial Officer, mutually agreed that Mr. Balak will resign from his position as Chief Financial Officer at the Company.

View on SEC.gov

Source: SEC EDGAR

accession 0001437749-25-000637

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