OSI Systems Appoints New CFO, Alan S. Kahn

TL;DR

OSI Systems names Alan S. Kahn as new CFO, starting May 6th. He gets $400k salary + stock.

AI Summary

On May 3, 2024, OSI Systems, Inc. announced the appointment of Alan S. Kahn as its new Chief Financial Officer, effective May 6, 2024. Kahn will receive an annual base salary of $400,000 and is eligible for a discretionary annual bonus. He will also be granted 50,000 restricted stock units, vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $400,000 — CFO Annual Base Salary (Represents the guaranteed compensation for the new Chief Financial Officer.)
• 50,000 — Restricted Stock Units (Equity incentive for the new CFO, vesting over three years.)

Key Players & Entities

• OSI Systems, Inc. (company) — Registrant
• Alan S. Kahn (person) — Appointed Chief Financial Officer
• $400,000 (dollar_amount) — Annual base salary for new CFO
• May 6, 2024 (date) — Effective date for new CFO
• 50,000 (dollar_amount) — Restricted stock units granted to new CFO

FAQ

Key Financial Figures

• $0.001 — ge on which registered Common Stock, $0.001 par value OSIS The Nasdaq Global Se

Filing Documents

• tm2413283d1_8k.htm (8-K) — 30KB
• tm2413283d1_ex99-1.htm (EX-99.1) — 5KB
• 0001104659-24-057065.txt ( ) — 206KB
• osis-20240503.xsd (EX-101.SCH) — 3KB
• osis-20240503_lab.xml (EX-101.LAB) — 33KB
• osis-20240503_pre.xml (EX-101.PRE) — 22KB
• tm2413283d1_8k_htm.xml (XML) — 3KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. OSI Systems, Inc. (the "Company") announced today that Chairman and Chief Executive Officer Deepak Chopra has informed the Company's Board of Directors of his plans to retire from his roles as President and Chief Executive Officer by the end of the current calendar year, after the appointment of a successor. Following his retirement as President and CEO, Mr. Chopra will continue to work with the Company as Executive Chairman of the Board. A copy of the press release announcing Mr. Chopra's retirement is attached hereto as Exhibit 99.1 and incorporated herein by this reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1: Press Release of OSI Systems, Inc. dated May 3, 2024. Exhibit 104: Cover Page Interactive Data File (embedded within the Inline XBRL document) EXHIBIT INDEX Exhibit Number Description 99.1 Press Release of OSI Systems, Inc. dated May 3, 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 hereunto duly authorized. OSI SYSTEMS, INC. Date: May 3, 2024 By: /s/ Alan Edrick Alan Edrick Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR