Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In connection with the Merger, effective as of October 13, 2023, Mr. Daniel A. Berenbaum ceased to be Chief Financial Officer, Executive Vice President and Treasurer of the Company.
In connection with his departure, Mr. Berenbaum entered into a separation and release agreement, pursuant to which he will be entitled to severance and other benefits (including acceleration of his outstanding equity awards) in accordance with the existing terms of his arrangements, as previously disclosed under the section titled "Interests of NI's Executive Officers and Directors in the Merger" of the Company's definitive proxy statement filed with the Securities and Exchange Commission on May 25, 2023, which is incorporated by reference herein.
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