Management ChangeSep 17, 2026, 04:01 PM
Azenta Names Interim CEO; Sets Compensation and Retention Awards
AI Summary
Azenta, Inc. has formalized the compensation for its Interim President and CEO, Dr. Martin D. Madaus. He will receive an annual base salary of $600,000, a performance bonus equal to his base salary, and $1,200,000 in restricted stock units. Additionally, several named executive officers received one-time retention awards totaling $2,500,000 in restricted stock units, vesting over two years. Dr. Madaus also stepped down from the Nominating and Governance Committee.
Key Highlights
- Azenta, Inc. appointed Dr. Martin D. Madaus as Interim President and CEO with $600,000 annual base salary.
- Dr. Madaus to receive a cash performance bonus of 100% of base salary, vesting in full on his first anniversary.
- Dr. Madaus granted $1,200,000 in restricted stock units (RSUs), vesting monthly over 12 months.
- Named executive officers received one-time retention awards: Lawrence Lin ($1M), Ephraim Starr ($500K), Olga Pirogova ($500K), Trey Martin ($500K).
- Retention awards granted as RSUs, vesting 50% on the first and second anniversaries of the grant date.
Price Impact
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