Beauty Health files separation agreement with departing COO Brad Hauser; $400K severance, 12-month non-compete
SkinHealth Systems Inc.
COO Brad Hauser mutually terminated without cause effective April 9, 2024; remains in advisory role through June 30, 2024.
Separation agreement provides $400,000 cash severance paid bi-weekly over 12 months post-separation, plus $85,000 retention award on June 1, 2024.
COBRA employer premium portion reimbursed for 12-month post-separation period if Employee timely elects coverage.
Non-compete prohibits Hauser from working with competitors in microdermabrasion/hydrodermabrasion machine market for 12 months; includes specific named entities (redacted).
Hauser agrees to provide transition services to Chief Supply Chain and Operations Officer and cooperate in litigation; capped at 25 free hours, then $300/hour.
On April 8, 2024, the Company and Brad Hauser mutually agreed to terminate Mr. Hauser’s employment as Chief Operating Officer of the Company without cause, effective as of April 9, 2024
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Brad Hauser departed as Chief Operating Officer at SkinHealth Systems Inc..
Action
mutually agreed to terminate
Role
Chief Operating Officer
Exact text from the filing
On April 8, 2024, the Company and Brad Hauser mutually agreed to terminate Mr. Hauser’s employment as Chief Operating Officer of the Company without cause, effective as of April 9, 2024
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.