Cue Health Inc.
04/24/2024 | Press release | Distributed by Public on 04/24/2024 07:02
Management Change/Compensation - Form 8-K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Certain Officers
On April 19, 2024, Aasim Javed, Chief Financial Officer of Cue Health Inc. (the "Company") tendered his resignation as Chief Financial Officer to be effective as of May 13, 2024 (the "Effective Date"). The Company is appreciative of the service of Mr. Javed and his resignation is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Javed's existing compensation arrangements will remain in place during his remaining period of employment.
Appointment of Certain Officers
On April 23, 2024, the Board approved the appointment of the Company's current Chief Accounting Officer, Controller and Principal Accounting Officer, Randall Pollard, as Principal Financial Officer of the Company, to be effective upon the Effective Date. Mr. Pollard's biography can be found on the Company's proxy statement filed with the Securities and Exchange Commission on April 22, 2024.
There are no arrangements or understandings between Mr. Pollard and any other person pursuant to which he was appointed Principal Financial Officer of the Company. There are no family relationships between Mr. Pollard and any director or other executive officer of the Company, or any person nominated or chosen by the Company to become a director or executive officer. Since the beginning of the Company's last fiscal year, the Company has not engaged in any transaction in which Mr. Pollard has any direct or indirect material interest within the meaning of Item 404(a) of Regulation S-K.