Proto Labs finalizes separation agreement with former EMEA VP Bjoern Klaas

Proto Labs Inc

Bjoern Klaas's termination date set at November 30, 2024.
Base salary cash severance of EUR 299,792 (one times annual base salary).
Accelerated vesting of 3,651 stock options and 3,881 RSUs; all other equity forfeited.
Pro rata bonus under 2024 STIP and pro rata PSU settlement to be paid by March 2025.
Company waives post-employment non-compete and non-solicitation, pays half salary for one year.

item 5.02 item 9.01

Executive movements

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Departed

Bjoern Klaas

Vice President and General Manager of the EMEA region

PRLB · Proto Labs Inc

Effective: 2024-11-30
Filed: October 7, 2024, 7:59 PM ET

Pursuant to the Settlement Agreement, Mr. Klaas’ termination date will be November 30, 2024 (the “Termination Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Bjoern Klaas departed as Vice President and General Manager of the EMEA region at Proto Labs Inc.

Action: exited
Role: Vice President and General Manager of the EMEA region

Exact text from the filing

Pursuant to the Settlement Agreement, Mr. Klaas’ termination date will be November 30, 2024 (the “Termination Date”).

View on SEC.gov

Proto Labs Inc filing history →

Source: SEC EDGAR

accession 0001628280-24-042356

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