An announcement from Iridex ( (IRIX) ) is now available.
In a significant leadership change, Dave Bruce was terminated as CEO on October 1, 2024, and resigned from the Board on November 11, 2024, receiving a separation package including accelerated vesting of stock options. Patrick Mercer, now CEO, retains a base salary of $360,000 with a potential 65% bonus, alongside a severance agreement offering 150% of his salary under specific conditions. Additionally, Kenneth E. Ludlum joins the Compensation Committee, influencing the company’s strategic direction.
Find detailed analytics on IRIX stock on TipRanks’ Stock Analysis page.
Trending Articles
- Paramount Global (NASDAQ:PARA) Gains from Yellowstone in Europe
- Ford (NYSE:F) Shares Slip After Huge Fine
- Intel (NASDAQ:INTC) Notches Up despite New Loss to AMD Processors
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
