Avanos Medical formalizes Interim CFO consulting agreement with Warren Machan through May 2025

AVANOS MEDICAL, INC.

Warren Machan appointed Interim CFO effective Oct 28, 2024; consulting agreement formalized Dec 2, 2024.
Consulting term runs through May 31, 2025; either party may terminate with 30 days' notice.
Monthly fees: $45,000 through Feb 2025, then $60,000 for Mar-May 2025; plus two $45,000 cash bonuses.
Bonuses tied to continued service through Feb 28 and May 31, 2025, and satisfactory performance as determined by CEO.
Independent contractor arrangement; no equity or employee benefits; non-solicitation for one year after term.

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