secwatch.observer — SEC 8-K summary
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Issuer:     SkinHealth Systems Inc. (SKIN)
CIK:        0001818093
Form:       8-K/A
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001628280-24-019980
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beauty Health files separation agreement with departing COO Brad Hauser; $400K severance, 12-month non-compete
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818093/000162828024019980/0001628280-24-019980-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818093/000162828024019980/skin-20240408.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-019980

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer