
Management ChangeApr 6, 2026, 05:06 PM
STERIS Extends Employment of Former CFO Michael Tokich as Senior Financial Advisor with Reduced Salary
AI Summary
STERIS plc amended its Transition Agreement with former CFO Michael J. Tokich, extending his employment as a senior financial advisor on a part-time basis through March 31, 2027. The amendment reduces his annual base salary to $60,000 and eliminates benefits, while maintaining eligibility for a discretionary cash bonus, providing insight into the company's ongoing financial advisory structure.
Key Highlights
- Michael J. Tokich's employment as a senior financial advisor extended to March 31, 2027.
- Annual base salary reduced to $60,000 during the extended period.
- Tokich no longer entitled to health, dental, life insurance, vacation, disability, or other employee benefits.
Price Impact
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