FIGS discloses compensation terms for Interim CFO Kevin Fosty in 8-K/A amendment

FIGS, Inc.

Kevin Fosty appointed Interim CFO; base salary of $304,250 with 25% annual target bonus.
Eligible for three $20,000 interim CFO bonus payments tied to milestones and continued employment.
RSU award of $100,000 granted, vesting quarterly over four years.
Severance of 4 months base salary and COBRA if terminated without cause or for good reason.
Employment is at-will; compensation effective May 9, 2024.

item 5.02

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Appointed (interim)

Kevin Fosty

Interim Chief Financial Officer

FIGS · FIGS, Inc.

Effective: 2024-05-09
Filed: May 9, 2024, 7:59 PM ET

On May 9, 2024, in connection with Mr. Fosty’s appointment as the Company’s Interim Chief Financial Officer, the Company entered into an Employment Offer Letter with Mr. Fosty

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Executive change SEC 8-K Item 5.02 confidence 1.0

Kevin Fosty was appointed as Interim Chief Financial Officer at FIGS, Inc..

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

On May 9, 2024, in connection with Mr. Fosty’s appointment as the Company’s Interim Chief Financial Officer, the Company entered into an Employment Offer Letter with Mr. Fosty

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FIGS, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-022294

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