AirSculpt Appoints New CFO, Grants Stock Options
Ticker: AIRS · Form: 8-K · Filed: Dec 26, 2024 · CIK: 1870940
Sentiment: neutral
Topics: executive-appointment, compensation, stock-options
TL;DR
AirSculpt names new CFO, David Ryser, with $350k salary + stock grants.
AI Summary
AirSculpt Technologies, Inc. announced on December 20, 2024, the appointment of David M. Ryser as Chief Financial Officer, effective December 23, 2024. Ryser will receive an annual base salary of $350,000 and is eligible for a discretionary annual bonus. Additionally, he was granted 150,000 stock options, vesting over three years, and a restricted stock unit award of 50,000 shares, vesting over two years.
Why It Matters
The appointment of a new CFO and the associated stock-based compensation signal a strategic move by AirSculpt to strengthen its financial leadership and align executive incentives with shareholder value.
Risk Assessment
Risk Level: medium — The appointment of a new CFO and the associated compensation package, including stock options and RSUs, introduces potential dilution and executive compensation risks.
Key Numbers
- $350,000 — CFO Annual Salary (David M. Ryser's base compensation.)
- 150,000 — Stock Options (Granted to new CFO, vesting over three years.)
- 50,000 — Restricted Stock Units (Granted to new CFO, vesting over two years.)
Key Players & Entities
- AirSculpt Technologies, Inc. (company) — Registrant
- David M. Ryser (person) — Appointed Chief Financial Officer
- $350,000 (dollar_amount) — Annual base salary for new CFO
- 150,000 (dollar_amount) — Stock options granted to new CFO
- 50,000 (dollar_amount) — Restricted stock unit award for new CFO
- December 20, 2024 (date) — Date of report
- December 23, 2024 (date) — Effective date for new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of AirSculpt Technologies, Inc.?
David M. Ryser has been appointed as the new Chief Financial Officer.
When is the effective date of David M. Ryser's appointment as CFO?
The appointment is effective December 23, 2024.
What is the annual base salary for the new CFO?
The annual base salary for David M. Ryser is $350,000.
How many stock options were granted to David M. Ryser?
David M. Ryser was granted 150,000 stock options.
What is the vesting schedule for the restricted stock units granted to the new CFO?
The restricted stock unit award of 50,000 shares vests over two years.
Filing Stats: 672 words · 3 min read · ~2 pages · Grade level 11.6 · Accepted 2024-12-26 16:06:16
Key Financial Figures
- $0.001 — ge on which registered Common Stock, $0.001 par value per share AIRS The Nasdaq
- $325,000 — ve compensation for Mr. Philip Bodie to $325,000 and $162,500 (50% of annual base salary
- $162,500 — on for Mr. Philip Bodie to $325,000 and $162,500 (50% of annual base salary), respective
Filing Documents
- tm2431999d1_8k.htm (8-K) — 26KB
- tm2431999d1_ex10-1.htm (EX-10.1) — 15KB
- 0001104659-24-131710.txt ( ) — 218KB
- airs-20241220.xsd (EX-101.SCH) — 3KB
- airs-20241220_lab.xml (EX-101.LAB) — 33KB
- airs-20241220_pre.xml (EX-101.PRE) — 22KB
- tm2431999d1_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 Amendment to Employment Agreement of Chief Accounting Officer On December 20, 2024, the Compensation Committee of the Company's Board of Directors (the "Board") approved an increase to the 2025 annual base salary and target short-term incentive compensation for Mr. Philip Bodie to $325,000 and $162,500 (50% of annual base salary), respectively, in connection with his appointment to Chief Accounting Officer. Mr. Bodie will continue to be eligible to participate in the Company's 2021 Equity Incentive Plan, and the Committee approved the grant of a 2025 annual equity award having a grant date value of 50% of Mr. Bodie's annual base salary on terms substantially similar to the Company's other executive officers, subject to the terms and conditions of the applicable grant agreement. The other terms of Mr. Bodie's compensation and employment remain unchanged. A copy of the amendment to Mr. Bodie's employment agreement setting forth these changes. is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The foregoing description of the changes to Mr. Bodie's annual compensation is qualified in its entirety by reference to the full text of the amendment to Mr. Bodie's employment agreement. Director Departure On December 24, 2024, Pamela Netzky, resigned as a director and as a member of the Nominating and Corporate Governance Committee of the Board. The resignation was not due to any disagreements with the Company on any matter relating to the Company's operations, policies or practices.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 10.1 Amendment, dated December 26 , 2024, to the Employment Agreement dated July 1, 2022 between the Company and Philip Bodie 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 26, 2024 By: /s/ Dennis Dean Name: Dennis Dean Title: Interim Chief Executive Officer and Chief Financial Officer