Director Stephen Wise resigns; James Prutow elected to board; new severance agreements for four executives
QuidelOrtho Corp
Stephen H. Wise resigned from board effective Nov 28, 2023, due to other professional commitments; no dispute.
James R. Prutow elected independent director effective Nov 28, 2023, designated by Carlyle Stockholder under Principal Stockholders Agreement.
Severance and Change in Control Agreements signed with Douglas Bryant, Robert Bujarski, Joseph Busky, Michelle Hodges; provide 2x salary+bonus severance, equity acceleration upon CIC termination.
Werner Kroll did not enter new agreement; his prior CIC agreement remains in effect.
On November 27, 2023, Stephen H. Wise informed the board of directors (the “Board”) of QuidelOrtho Corporation (the “Company”) of his intent to resign from the Board and as a member of its Nominating and Corporate Governance Committee, effective upon the election of James R. Prutow as a director, which occurred on November 28, 2023 as described below.
On November 28, 2023, the Board elected Mr. Prutow as a director, effective immediately.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Stephen H. Wise resigned as Director at QuidelOrtho Corp.
Action
resigned
Role
Director
Exact text from the filing
On November 27, 2023, Stephen H. Wise informed the board of directors (the “Board”) of QuidelOrtho Corporation (the “Company”) of his intent to resign from the Board and as a member of its Nominating and Corporate Governance Committee, effective upon the election of James R. Prutow as a director, which occurred on November 28, 2023 as described below.
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