AirSculpt Appoints Dr. Michael L. Brown as CMO

TL;DR

AirSculpt names Dr. Michael L. Brown as new CMO, effective Dec 16, 2024.

AI Summary

AirSculpt Technologies, Inc. announced on December 16, 2024, the appointment of Dr. Michael L. Brown as Chief Medical Officer, effective immediately. Dr. Brown, who previously served as Medical Director for the company, will oversee all medical operations and clinical strategies. This appointment is part of the company's ongoing efforts to enhance its medical leadership and operational efficiency.

Why It Matters

The appointment of a new Chief Medical Officer signifies a strategic move by AirSculpt to strengthen its medical leadership, potentially impacting clinical development and patient care standards.

Risk Assessment

Risk Level: low — This filing primarily concerns an executive appointment, which is a standard corporate event with typically low immediate risk.

Key Players & Entities

• AirSculpt Technologies, Inc. (company) — Registrant
• Dr. Michael L. Brown (person) — Appointed Chief Medical Officer
• December 16, 2024 (date) — Effective date of appointment

FAQ

Key Financial Figures

• $0.001 — ge on which registered Common Stock, $0.001 par value per share AIRS The Nasdaq
• $700,000 — pensation: Annual base salary equal to $700,000; Eligibility to earn an annual target
• $175,000 — 's principal office, up to a maximum of $175,000; A sign-on cash bonus equal to $262,5
• $262,500 — 75,000; A sign-on cash bonus equal to $262,500 with $150,000 paid on signing and the r
• $150,000 — gn-on cash bonus equal to $262,500 with $150,000 paid on signing and the remainder paid
• $2,333,333 — n-on equity award with a grant value of $2,333,333, consisting of restricted stock units (
• $1,000,000 — its ("RSUs") with a grant date value of $1,000,000 (vesting annually over three years) and
• $1,333,333 — its ("PSUs") with a grant date value of $1,333,333, which will be eligible to vest over a

Filing Documents

• tm2431265d1_8k.htm (8-K) — 43KB
• tm2431265d1_ex10-1.htm (EX-10.1) — 213KB
• tm2431265d1_ex99-1.htm (EX-99.1) — 14KB
• 0001104659-24-129178.txt ( ) — 500KB
• airs-20241216.xsd (EX-101.SCH) — 3KB
• airs-20241216_lab.xml (EX-101.LAB) — 33KB
• airs-20241216_pre.xml (EX-101.PRE) — 22KB
• tm2431265d1_8k_htm.xml (XML) — 4KB

02. Departure of Directors or Certain

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Appointment of New Chief Executive Officer On December 17, 2024, AirSculpt Technologies, Inc. (the "Company") announced that it has hired Yogesh Jashnani, 43, to serve as the Company's Chief Executive Officer, effective January 7, 2025. Prior to joining the Company, Mr. Jashnani served as the Chief Revenue Officer of Sky Zone, Inc. from November 2023 to January 2025 (and as a consultant in the same role from April 2023 to November 2023), and as Chief Commercial Officer of Ideal Image Development Corp., from December 2019 to March 2023. Mr. Jashnani received his B.E. from the University of Mumbai and his M.S. from the University of Wisconsin-Madison. There are no arrangements or understandings between Mr. Jashnani and any other person pursuant to which he was selected as an executive officer of the Company, and there are no family relationships between Mr. Jashnani and any of the Company's directors or executive officers. Mr. Jashnani has no direct or indirect material interest in any existing or currently proposed transaction that would require disclosure under Item 404(a) of Regulation S-K. In connection with his appointment as Chief Executive Officer of the Company, Mr. Jashnani will receive the following compensation: Annual base salary equal to $700,000; Eligibility to earn an annual target cash performance bonus of 100% of Mr. Jashnani's annual base salary for each fiscal year during Mr. Jashnani's term; Eligibility to receive reimbursement of any reasonable relocation or moving expenses incurred by Mr. Jashnani in the event that the Company requires Mr. Jashnani to relocate his principal office location to the Company's principal office, up to a maximum of $175,000; A sign-on cash bonus equal to $262,500 with $150,000 paid on signing and the remainder paid when annual bonuses are paid to the C

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On December 17, 2024, the Company issued a press release announcing the appointment of Mr. Jashnani as Chief Executive Officer and director of the Company. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information furnished under this Item 7.01, including Exhibit 99.1, will not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in that filing.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. 10.1 Employment Agreement between the Company and Yogesh Jashani, dated December 6, 2024 99.1 Press Release, dated December 17, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. AirSculpt Technologies, Inc. Date: December 17, 2024 By: /s/ Dennis Dean Name: Dennis Dean Title: Interim Chief Executive Officer and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR