The company said its board on May 13, 2025 appointed Christiane Ohlgart as chief financial officer, including as principal financial officer, effective as of Keith Jensen's retirement on May 15, 2025.

1. 01

   The company said its board on May 13, 2025 appointed Christiane Ohlgart as chief financial officer, including as principal financial officer, effective as of Keith Jensen's retirement on May 15, 2025.

2. 02

   The company said Ohlgart will remain as principal accounting officer. The board approved an annual base salary of $480,000 and a target bonus of 80% of her base salary. These replace the salary and bonus previously approved when she was appointed chief accounting officer.

3. 03

   The company said it expects Ohlgart to be granted, subject to board approval, restricted stock units with a target value of $500,000 and performance stock units with a target value of $500,000. The RSUs will vest over 4 years, with 1/4 vesting on May 1, 2026 and 1/16 vesting quarterly thereafter.

4. 04

   The company said the PSUs will vest based on the percentile ranking of its total stockholder return among companies in the S&P 500 Index, with performance periods of 1, 2 and 3 years each weighted 20% and the 4-year performance period weighted 40%. It also said it expects Ohlgart to enter into a change of control severance agreement.

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Original filing

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