The company said Jonathan (Jay) Mazelsky will step down as President and Chief Executive Officer on May 12, 2026 and become Executive Chair, and that Michael (Mike) Erickson, PhD, will succeed him as President and Chief Executive Officer.

1. 01

   The company said Jonathan (Jay) Mazelsky will step down as President and Chief Executive Officer on May 12, 2026 and become Executive Chair, and that Michael (Mike) Erickson, PhD, will succeed him as President and Chief Executive Officer.

2. 02

   IDEXX said Mazelsky notified the company in May 2027 of his intent to retire from the company and its board immediately after the annual shareholders meeting, and that Erickson will join the board as a Class II Director while Lawrence D. Kingsley will serve as independent Lead Director.

3. 03

   The company said Erickson will receive an annual base salary of $1,000,000 and an annual bonus with a target of 120% of base salary from the Transition Date, along with a long-term incentive equity award for fiscal 2026 with a target grant date value of not less than $7.8 million, consisting of stock options (50%) and performance restricted stock units (50%).

4. 04

   The company said Mazelsky will receive an annual base salary of $1,150,000 through his retirement date as Executive Chair, and is expected to receive in February 2026 time-vesting restricted stock units with a target grant date value of at least $8.275 million.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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