STAA 8-K
Staar Surgical Co (STAA)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 15, 2026, the Board of Directors (the “Board”) of STAAR Surgical Company (the “Company”) elected a new Board Chair, approved changes to the composition and leadership of the Board’s three standing committees, and established two new Board committees. Further, based upon information provided by each director the Board determined that each of directors Neal C. Bradsher, Arthur C. Butcher, Richard T. LeBuhn, Louis E. Silverman, Christopher M. Wang and Lilian Y. Zhou are independent under NASDAQ Listing Rule 5605(a)(2), and that none has a relationship that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director.
Effective as of January 15, 2026, Neal C. Bradsher has been elected as Board Chair, to serve in accordance with the Company’s amended and restated bylaws. Mr. Bradsher is the Founder and President of Broadwood Capital, Inc., the general partner of Broadwood Partners, L.P. (“Broadwood”), which is currently the Company’s largest stockholder.
Effective as of January 15, 2026, the composition and leadership of the Board’s three standing committees are composed of the following independent directors:
Audit Committee
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Lilian Y. Zhou (Chair) |
Arthur C. Butcher |
Christopher M. Wang |
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Compensation Committee
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Louis E. Silverman (Chair) |
Richard T. LeBuhn |
Christopher M. Wang |
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Nominating and Governance Committee |
Neal C. Bradsher (Chair) |
Louis E. Silverman |
Christopher M. Wang |
Lilian Y. Zhou |
The Company has notified NASDAQ that the Company has regained compliance with the director independence requirements for the Audit Committee pursuant to NASDAQ Listing Rule 5605, and the Company is no longer subject to the cure period under NASDAQ Listing Rule 5605(c)(4)(B).
In addition, the Board voted to establish a Search Committee of the Board to help guide the Board’s efforts to identify and make decisions with respect to Company leadership, including a successor to the Chief Executive Officer, as follows:
Search Committee |
Lilian Y. Zhou (Chair) |
Neal C. Bradsher |
Wei Jiang |
Louis E. Silverman |
Christopher M. Wang |
The Board also voted to establish an Insight and Engagement Committee of the Board to further engage with Company management, internal and external stakeholders, and industry experts and leaders, in order to gather different perspectives and insights on the Company’s business, prospects, and opportunities, as follows:
Insight and Engagement Committee |
Christopher M. Wang (Chair) |
Neal C. Bradsher |
Richard T. LeBuhn |
Board members shall be eligible to receive compensation for their services as chair or a member, as applicable, of each of the Board’s three standing committees, and Mr. Bradsher shall be eligible to receive compensation for his service as Board Chair, in each case in accordance with the Company’s existing non-employee director compensation program.
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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STAAR SURGICAL COMPANY |
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By: |
/s/ Stephen C. Farrell |
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Name: |
Stephen C. Farrell |
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Title: |
Chief Executive Officer |
Dated: January 15, 2026