Varex Imaging Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Varex Imaging Corporation on March 30, 2017. The report discloses a corporate governance event regarding the appointment of a new member to the Board of Directors, effective April 3, 2017.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel and governance changes.
Material Changes
The primary material change is the appointment of Jocelyn D. Chertoff, MD, to the Board of Directors. Dr. Chertoff is the Chair of the Department of Radiology at Dartmouth Hitchcock Medical Center. She will serve on the Compensation and Management Development Committee and the Nominating and Corporate Governance Committee.
Compensation and Governance Details
- Annual Cash Retainer: $65,000
- Committee Fees: $8,000 for the Compensation & Management Development Committee and $7,000 for the Nominating & Corporate Governance Committee.
- Equity Compensation: Shares of common stock valued at $160,000 as of the grant date.
- Transactions: No current or proposed transactions requiring disclosure under Item 404(a) of Regulation S-K were identified.
Outlook and Risks
The filing contains no management commentary on financial outlook, risks, contingencies, or unusual items. A press release regarding the appointment is attached as Exhibit 99.1.
Investor Verification Points
- Verify the effective date of Dr. Chertoff's board service (April 3, 2017).
- Confirm the total annual compensation package ($65,000 cash retainer + $15,000 committee fees + $160,000 equity value).
- Review the attached press release (Exhibit 99.1) for additional biographical details on the new director.