Inogen CFO Departs, Interim Appointed; CEO Employment Agreement
Ticker: INGN · Form: 8-K · Filed: May 15, 2024 · CIK: 1294133
| Field | Detail |
|---|---|
| Company | Inogen Inc (INGN) |
| Form Type | 8-K |
| Filed Date | May 15, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, employment-agreement, cfo
Related Tickers: INGN
TL;DR
CFO out, interim in, CEO signs new deal. Watch for financial strategy shifts.
AI Summary
Inogen Inc. announced on May 10, 2024, the departure of its Chief Financial Officer, Michael L. Borchardt, effective May 15, 2024. The company also announced the appointment of Paul J. Estey as interim CFO. Additionally, Inogen entered into a new employment agreement with its President and CEO, Brent L. Burns, effective May 10, 2024.
Why It Matters
Changes in key executive positions, especially the CFO, can signal shifts in financial strategy or operational focus, while a new CEO employment agreement may indicate confidence in leadership or a structured long-term plan.
Risk Assessment
Risk Level: medium — Executive departures and interim appointments can create uncertainty regarding financial leadership and strategic direction.
Key Players & Entities
- Inogen Inc. (company) — Registrant
- Michael L. Borchardt (person) — Departing Chief Financial Officer
- May 15, 2024 (date) — Effective date of CFO departure
- Paul J. Estey (person) — Appointed Interim Chief Financial Officer
- Brent L. Burns (person) — President and CEO
- May 10, 2024 (date) — Effective date of CEO employment agreement
FAQ
Who has been appointed as the interim Chief Financial Officer of Inogen Inc.?
Paul J. Estey has been appointed as the interim Chief Financial Officer of Inogen Inc.
When is Michael L. Borchardt's departure as CFO effective?
Michael L. Borchardt's departure as CFO is effective May 15, 2024.
What is the effective date of the new employment agreement for Inogen's CEO?
The new employment agreement for Inogen's President and CEO, Brent L. Burns, is effective May 10, 2024.
What is the principal executive office address for Inogen Inc.?
The principal executive office address for Inogen Inc. is 859 Ward Drive, Goleta, California, 93111.
What is the Commission File Number for Inogen Inc.?
The Commission File Number for Inogen Inc. is 001-36309.
Filing Stats: 641 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2024-05-15 17:10:44
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value INGN The Nasdaq Stock Mar
Filing Documents
- ingn-20240510.htm (8-K) — 40KB
- ingn-ex10_1.htm (EX-10.1) — 98KB
- 0000950170-24-060589.txt ( ) — 268KB
- ingn-20240510.xsd (EX-101.SCH) — 24KB
- ingn-20240510_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Description 10.1 Separation Agreement and Release by and between the Company and Stanislav Glezer, dated May 10, 2024. 104 The cover page of this Current Report on Form 8-K, formatted in inline XBRL.
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. INOGEN, INC. Date: May 15, 2024 By: /s/ Michael Bourque Michael Bourque Executive Vice President Chief Financial Officer Treasurer (Principal Accounting and Financial Officer)