secwatch.observer — SEC 8-K summary
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Issuer:     PROCEPT BioRobotics Corp (PRCT)
CIK:        0001588978
Form:       8-K
Filed at:   2025-07-25T23:59:59+00:00
Accession:  0001628280-25-035979
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROCEPT BioRobotics appoints Larry Wood as CEO, pre-announces Q2 revenue of $79.2M (+48% YoY)
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- Larry L. Wood becomes President and CEO effective Sept 2, 2025; succeeds Reza Zadno who retires.
- Q2 2025 revenue pre-announced at ~$79.2M, representing 48% year-over-year growth.
- Wood receives base salary $925K, target bonus 100% of base, sign-on $1.7M, and equity awards totaling ~$18M.
- Zadno enters 18-month consulting agreement; severance includes 12 months base salary and COBRA.
- Wood previously served as Corporate VP at Edwards Lifesciences; has been on PROCEPT board since 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1588978/000162828025035979/0001628280-25-035979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1588978/000162828025035979/prct-20250723.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-035979

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