Allurion Technologies, Inc 8-K, filed Dec 15, 2023
Allurion Technologies, Inc. (ALUR)
About this 8-K
Allurion Technologies, Inc filed this 8-K on December 15, 2023, reporting on events of December 12, 2023.
Items reported
- Item 1.01: Entered into a material agreement
- Item 1.02: Ended a material agreement
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01 Entry into a Material Definitive Agreement.
On December 12, 2023, Allurion Technologies, Inc. (the "Company") and its wholly-owned subsidiary, Allurion France ("Allurion France") entered into a Settlement Agreement with Mr. Benoit Chardon, its Chief Commercial Officer (the "Settlement Agreement"). The terms of the Settlement Agreement with Mr. Chardon are described in Item 5.02 below.
Also on December 12, 2023, Mr. Chardon, Benoit Chardon Consulting ("BCC") and Allurion France entered into a Termination Agreement (the "Termination Agreement"), pursuant to which the parties agreed to terminate the Corporate Officer Agreement, entered into on June 26, 2023 and effective September 1, 2023, by and among BCC, Mr. Chardon and Allurion France (the "Corporate Officer Agreement"). The terms of the Termination Agreement are described in Item 1.02 below.
Item 1.02 Termination of a Material Definitive Agreement.
On December 12, 2023, by virtue of the Termination Agreement, the parties mutually agreed to terminate the Corporate Officer Agreement as of December 31, 2023 (the "Departure Date"). Under the Corporate Officer Agreement, BCC held the position and performed the duties of managing director of Allurion France.
Pursuant to the Termination Agreement, BCC will resign from its duties as managing director of Allurion France effective as of the Departure Date and Allurion France will pay BCC all amounts due to it under the Corporate Officer Agreement for monthly consulting fees through the Departure Date and its variable compensation due for the third quarter of 2023. In addition, Allurion France will pay BCC a lump-sum termination fee of €156,740. The Termination Agreement contains a mutual release and non-disparagement provision as well as a non-solicitation provision by BCC in favor of Allurion France.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 12, 2023, the Company's Chief Commercial Officer, Benoit Chardon, resigned effective December 31, 2023. In connection with his departure, the Company and Allurion France entered into the Settlement Agreement with Mr. Chardon, pursuant to which the Company agreed to pay Mr. Chardon €183,260, which amount was used in payment of the exercise price of vested options held by Mr. Chardon to purchase an aggregate 165,539 shares of common stock of Allurion. The Settlement Agreement contains a mutual release and non-disparagement provision as well as a non-solicitation provision by Mr. Chardon in favor of the Company.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Allurion Technologies, Inc. |
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Date: |
December 15, 2023 |
By: |
/s/ Chris Geberth |
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Chief Financial Officer |