Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Business Leaders  >  All news

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 
HomeAll newsMost read newsBusiness Leaders Biography 
Birthday : 08/11/1957
Place of birth : Tosu - Japan
Biography : Mr. Masayoshi Son is Chairman at ARM Holdings Plc, Chairman at Supercell Oy, Chairman at Sprint Corp
The feature you requested does not exist. However, we suggest the following feature:

CYNOSURE INC : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/22/2017 | 12:28pm CET

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 21, 2017, the compensation committee of the board of directors (the "Compensation Committee") of Cynosure, Inc. (the "Company") established a cash pool of $13 million, from which the Company may make transaction bonuses, severance payments for persons without employment agreements and retention payments to certain of its employees in connection with the proposed acquisition of the Company by Minuteman Merger Sub, Inc., a wholly-owned subsidiary of Hologic, Inc. (the "Acquisition"). The allocation and terms of any such payments are to be determined by the Company prior to the effective time of the Acquisition (the "Effective Time").

On February 21, 2017, the Compensation Committee awarded a retention bonus payment in an amount of up to $8,500,000 to Michael Davin and a retention bonus payment in an amount of up to $1,300,000 to Stephen Webber (each, a "Retention Payment"), with the precise amount of the Retention Payments to be determined by the Compensation Committee prior to the Effective Time. Payment of the Retention Payments is to be made in a single lump sum upon the earliest of one year following the Effective Time, termination by the Company without "cause" and termination by the employee for "good reason" (as each such term is defined in the recipient's employment agreement as in effect on February 14, 2017). Copies of the letter agreements between the Company and each of Messrs. Davin and Webber are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

See the Exhibit Index attached to this Current Report on Form 8-K, which is incorporated herein by reference.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news about Masayoshi Son 
2016 MASAYOSHI SON : SoftBank's Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms
2016DJMASAYOSHI SON : SoftBank's Son Shifts Gears on Funding for Investments
2016DJMASAYOSHI SON : SoftBank's Son Lays Out Future of Smart Robots, Emotional Cars
2016 MASAYOSHI SON : Japan's Son chased $32 billion ARM deal by the sea in Turkey
2015 MASAYOSHI SON : Son says vice chairman Arora a strong future candidate to lead SoftBank
2014 MASAYOSHI SON : SoftBank's first Sony smartphone deal takes aim at U.S. market
2014 MASAYOSHI SON : SoftBank's Son says new Sprint CEO a 'streetfighter', hints at price war
2014 MASAYOSHI SON : SoftBank to start selling personal robots next year
2013 MASAYOSHI SON : Third point has made no management proposals to SoftBank
2013 MASAYOSHI SON : SoftBank's Son buys Tokyo Tiffany building for $326 million -sources
2013 MASAYOSHI SON : Softbank CEO Son says 'very supportive' of Alibaba's partnership
2013 MASAYOSHI SON : Softbank on track to complete Sprint acquisition by July
2013 MASAYOSHI SON : SoftBank to meet Sprint investors, many eye higher bid
2013 MASAYOSHI SON : Ergen puts chips on Sprint in latest wireless bet
2012 MASAYOSHI SON : Raine Group arrives in big way as Softbank's adviser
1  2  3  4  5  6  7  8  9  10Next

Advertisement
Most Read News 
02/17DJMARK ZUCKERBERG : Zuckerberg Lays Out Broad Vision for Facebook in New Mission Statement--Update
02/17DJWARREN BUFFETT : Kraft Heinz Needs a Deal, But Can It Really Afford Unilever? -- Heard on the Street
02/18 BRIAN MOYNIHAN : Bank of America CEO Moynihan gets biggest payday yet
02/18 DAVID HENRY : Citigroup cuts CEO Corbat's pay after missing financial targets
02/16 THOMAS WILSON : SoftBank to buy Fortress Investment for $3.3 billion
02/15DJSOREN SCHRODER : Top Stories of the Day
02/17 JOHN FALLON : Pearson's turbulent markets to put Fallon's homework to the test
More news

Popular Business Leaders 
Alain Afflelou Bernard Arnault Lloyd Blankfein Vincent Bolloré Warren Buffett Safra Catz Jean-paul Clozel Gary Cohn Tim Cook Michael Dell Barry Diller Patrick Drahi Klaus Engel Bill Gates Carlos Ghosn David Henry Carl Icahn Anshu Jain R. Johnson Isabelle Kocher Maurice Lévy Jack Ma Laurent Mignon Lakshmi Mittal Luka Mucic James Murdoch Elon Musk Peter Nicholas Ferdinand Piëch Georges Plassat Patrick Pouyanné Sumner Redstone Alexandre Ricard Wilbur Ross Howard Schultz Charles Schwab Carlos Slim George Soros Ulrich Spiesshofer Rupert Stadler Bernard Tapie Ratan Tata Tidjane Thiam Peter Thiel François Villeroy De Galhau Thomas Wilson Martin Winterkorn Dieter Zetsche Mark Zuckerberg
A-Z Business Leaders