Harmonic Inc.
04/18/2024 | Press release | Distributed by Public on 04/18/2024 14:08
Management Change/Compensation - Form 8-K
| Item 5.02 | Departure of Certain Officers; Appointment of Certain Officers |
Harmonic Inc. (the "Company") announced today that Ian Graham has stepped down from the role of Senior Vice President, Global Sales and will be leaving the Company effective July 5, 2024. In connection with the termination of his employment, Mr. Graham has entered into a settlement agreement with the Company (the "Settlement Agreement"), which provides, among other things, for a release of claims in favor of the Company, continued confidentiality of Company proprietary information, and mutual non-disparagement obligations, in exchange for Mr. Graham's right to receive (1) a cash severance in the amount of 12 months of base salary, or £265,601.70 and (2) continued coverage under specified health benefit programs for 12 months following Mr. Graham's termination date.
Such description of the severance benefits above does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Settlement Agreement, a copy of which has attached hereto as Exhibit 10.1 and is incorporated into this Item 5.02 by reference.