Business Context and Reporting Period
This Form 8-K Current Report was filed by Integer Holdings Corporation on January 24, 2018. The filing addresses Item 5.02 regarding the appointment of a new officer and the departure of a former officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation and personnel changes.
Material Changes
- Appointment: Tom P. Thomas was appointed as Vice President & Corporate Controller, effective February 5, 2018.
- Departure: Thomas J. Mazza is retiring from the role of Vice President & Corporate Controller following the filing of the fiscal 2017 annual report.
- Compensation Package for New Hire:
- Annual base salary: $235,000
- Cash sign-on bonus: $10,000
- Short-term cash incentive: Target of 35% of annual salary
- Long-term incentive equity awards: Target value of $100,000
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, or discussion of risks and contingencies. The document is limited to the disclosure of the executive appointment and associated compensatory arrangements.
Investor Verification Checklist
- Verify the effective date of Tom P. Thomas's appointment (February 5, 2018).
- Confirm the timeline for Thomas J. Mazza's retirement relative to the fiscal 2017 annual report filing.
- Review the specific terms of the 2018 short-term cash incentive plan and long-term equity award program to understand vesting schedules and performance metrics.