Director Malhotra resigns from InfuSystem Board; company pays $625K under cooperation pact

InfuSystem Holdings, Inc

R. Rimmy Malhotra resigned from the Board effective March 8, 2024; no disagreement cited.
Company pays $500K to Nicoya Capital and $125K to Malhotra as exit consideration for standstill, release, and voting commitments.
Malhotra and Nicoya agree to 3-year standstill: no stock acquisitions, proxy contests, or disparagement.
Malhotra approved the 2024 annual meeting director slate; Board also made stock ownership policy mandatory for independent directors.
Parties release each other from pre-agreement claims except for enforceability or performance of the Cooperation Agreement.

item 1.01 item 5.02 item 9.01

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Departed

R. Rimmy Malhotra

Director

INFU · InfuSystem Holdings, Inc

Effective: 2024-03-08
Filed: March 8, 2024, 6:59 PM ET

accepted the resignation of Mr. R. Rimmy Malhotra as a member of the Board, effective March 8, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

R. Rimmy Malhotra resigned as Director at InfuSystem Holdings, Inc.

Action: resigned
Role: Director

Exact text from the filing

accepted the resignation of Mr. R. Rimmy Malhotra as a member of the Board, effective March 8, 2024

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InfuSystem Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001628280-24-010047

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