CommScope EVP, CTO Morgan Kurk departs; gets $615K severance, extended options

Vistance Networks, Inc.

Morgan C.S. Kurk stepped down as EVP, CTO and Broadband Networks segment leader effective July 19, 2021.
Separation agreement provides $615,024 severance, paid over one year in equal installments.
All unvested equity awards (94,000 PSUs and 99,930 options) forfeited upon departure.
Vested stock options (totaling ~143,772 shares) extended for one year post-separation.
COBRA healthcare coverage paid by company for two months; non-disparagement and restrictive covenants apply.

item 5.02 item 9.01

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Departed

Morgan C.S. Kurk

executive vice president, chief technology officer and segment leader of Broadband Networks

VISN · Vistance Networks, Inc.

Effective: 2021-07-19
Filed: August 10, 2021, 7:59 PM ET

Morgan C.S. Kurk stepped down as executive vice president, chief technology officer and segment leader of Broadband Networks of CommScope Holding Company, Inc. (the “Company”), effective July 19, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Morgan C.S. Kurk departed as executive vice president, chief technology officer and segment leader of Broadband Networks at Vistance Networks, Inc..

Action: stepped down
Role: executive vice president, chief technology officer and segment leader of Broadband Networks

Exact text from the filing

Morgan C.S. Kurk stepped down as executive vice president, chief technology officer and segment leader of Broadband Networks of CommScope Holding Company, Inc. (the “Company”), effective July 19, 2021.

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Vistance Networks, Inc. filing history →

Source: SEC EDGAR

accession 0001564590-21-042951

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