Accuray CFO Departs; Interim CFO Appointed
Ticker: ARAY · Form: 8-K · Filed: Feb 7, 2025 · CIK: 1138723
| Field | Detail |
|---|---|
| Company | Accuray INC (ARAY) |
| Form Type | 8-K |
| Filed Date | Feb 7, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $450,000, $80,000, $300,000 b, $750,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-departure, interim-appointment
TL;DR
Accuray's CFO is out, interim CFO steps in. Watch for financial strategy shifts.
AI Summary
Accuray Incorporated announced on February 3, 2025, the departure of its Chief Financial Officer, Michael J. Anstey. The company has appointed Suzanne T. Foster as interim CFO, effective immediately. Foster previously served as Accuray's Senior Vice President, Corporate Controller, and Chief Accounting Officer.
Why It Matters
A change in CFO can impact investor confidence and financial reporting, while the appointment of an interim CFO suggests a transition period for the company's financial leadership.
Risk Assessment
Risk Level: medium — A sudden departure of a CFO can signal underlying issues or instability within the company's financial management, potentially affecting investor confidence.
Key Players & Entities
- Accuray Incorporated (company) — Registrant
- Michael J. Anstey (person) — Departing Chief Financial Officer
- Suzanne T. Foster (person) — Interim Chief Financial Officer
- February 3, 2025 (date) — Effective date of CFO departure and interim appointment
FAQ
Who has been appointed as the interim Chief Financial Officer of Accuray Incorporated?
Suzanne T. Foster has been appointed as the interim Chief Financial Officer of Accuray Incorporated.
When did the departure of the Chief Financial Officer become effective?
The departure of the Chief Financial Officer became effective on February 3, 2025.
What was Suzanne T. Foster's previous role at Accuray?
Suzanne T. Foster previously served as Accuray's Senior Vice President, Corporate Controller, and Chief Accounting Officer.
What is the primary reason for this 8-K filing?
This 8-K filing is primarily to report the departure of a director or officer and the appointment of a new officer.
What is Accuray Incorporated's principal executive office address?
Accuray Incorporated's principal executive office is located at 1240 Deming Way, Madison, Wisconsin 53717-1954.
Filing Stats: 1,255 words · 5 min read · ~4 pages · Grade level 11.9 · Accepted 2025-02-07 16:01:08
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share ARAY The Nasdaq Stock Mar
- $450,000 — t provides for an annual base salary of $450,000 as well as for other customary benefits
- $80,000 — lso eligible for (i) a sign-on bonus of $80,000; (ii) an annual cash incentive bonus un
- $300,000 b — and (iii) a performance bonus of up to $300,000 based on the achievement of certain perfo
- $750,000 — s ("RSUs") having an aggregate value of $750,000. Twenty-five percent (25%) of the RSUs
Filing Documents
- aray-20250203.htm (8-K) — 56KB
- 0000950170-25-016249.txt ( ) — 167KB
- aray-20250203.xsd (EX-101.SCH) — 24KB
- aray-20250203_htm.xml (XML) — 4KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
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 hereunto duly authorized. ACCURAY INCORPORATED Dated: February 7, 2025 By: /s/ Jesse Chew Jesse Chew Senior Vice President, Chief Legal Officer & Corporate Secretary 4