LENSAR, Inc 8-K, filed Jan 13, 2023
LENSAR, Inc. (LNSR)
About this 8-K
LENSAR, Inc filed this 8-K on January 13, 2023, reporting on events of January 11, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
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CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On January 11, 2023, the board of directors (the “Board”) of LENSAR, Inc. (the “Company”) approved annual cash bonuses for 2022 for each of Nicholas T. Curtis, Alan B. Connaughton and Thomas R. Staab, II at 90% of his annual target bonus and a 4.5% increase in each such officer’s base salary effective January 9, 2023. Additionally, on January 11, 2023, the Board approved the grant of (i) options to purchase shares of common stock of the Company (“Options”) and (ii) restricted stock units (“RSUs”) to Nicholas T. Curtis, Alan B. Connaughton and Thomas R. Staab, II in the amounts set forth below opposite such officer’s name. The Options were granted pursuant to the Company’s 2020 Incentive Award Plan (the “Plan”) and grant each recipient the right to purchase shares of Company common stock at a price of $2.65 per share, the fair market value of the Company’s common stock on the grant date. The Options vest as to 25% of the total amount of the award on the one-year anniversary of the grant date and in thirty-six substantially equal monthly installments thereafter. The RSUs granted pursuant to the Plan vest as to 25% of the total amount of the award on each anniversary of the grant date.
| Name | Number of Stock Options | Number of RSUs | ||||||
| Nicholas T. Curtis |
77,651 | 22,186 | ||||||
| Alan B. Connaughton |
54,356 | 15,530 | ||||||
| Thomas R. Staab, II |
23,295 | 6,656 | ||||||
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.
| LENSAR, INC. | ||||||
| Date: January 13, 2023 | By: | /s/ Nicholas T. Curtis | ||||
| Name: | Nicholas T. Curtis | |||||
| Title: | Chief Executive Officer | |||||