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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Heska Corporation    HSKA

HESKA CORPORATION

(HSKA)
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HESKA : Change in Directors or Principal Officers (form 8-K/A)

05/06/2020 | 04:49pm EST

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 22, 2020, Heska Corporation (the "Company") announced organizational changes to its Executive Team to accommodate its global expansion and support the recent acquisition of scil animal care company. The Board of Directors (the "Board") of the Company appointed the following individuals to new leadership roles to enhance its global expansion capabilities and drive execution of best practices and Company objectives:

Steve Eyl, Executive Vice President, Chief Commercial Officer, Heska
          and President, scil animal care company


•         Eleanor Baker, Executive Vice President, Managing Director and Chief
          Operating Officer, scil animal care company


•         Christopher Sveen, Executive Vice President, Chief Administrative
          Officer and General Counsel, Heska and President, Diamond Animal Health

Effective April 16, 2020, the Company entered into an Employment Agreement with Mr. Eyl (the "Agreement"). The Agreement with Mr. Eyl is for one (1) year with automatic one (1) year renewals, subject to a 120 non-renewal notice period. Pursuant to the terms of the Agreement, Mr. Eyl will receive an initial annual base salary of $350,000 (the "Base Salary") and will be eligible to participate in the Company's Management Incentive Plan. As additional compensation incentives, Mr. Eyl will be entitled to 50,000 stock options and 20,000 restricted stock awards that vest over two years as certain time and if certain performance objectives are achieved. Mr. Eyl will also be entitled to participate in the Company's Benefit Plans (as defined in the Agreement) available to other Company executives. The provisions of the Agreement relating to compensation in the event of Mr. Eyl's termination are unchanged from those in his previous employment agreement, which was included as an exhibit to the Company's most recent Annual Report on Form 10-K, provided that he is also entitled to 6 months' severance if the Agreement is not renewed.

Effective April 16th, 2020, the Company made the following changes to the compensation of the following named executive officers:

Nancy Wisnewski, Executive Vice President, Chief Operating Officer:
          annual base salary increase to $325,000; 45,000 stock options that vest
          over two years as certain time and if certain performance objectives
          are achieved.


•         Catherine Grassman, Executive Vice President, Chief Financial Officer:
          annual base salary increase to $325,000; 45,000 stock options that vest
          over two years as certain time and if certain performance objectives
          are achieved. Ms. Grassman also received a cash bonus of $75,000 due to
          completion of the acquisition of scil animal care company.





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© Edgar Online, source Glimpses

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