OSI Systems Appoints New Chief Legal Officer
Ticker: OSIS · Form: 8-K · Filed: Jul 16, 2024 · CIK: 1039065
| Field | Detail |
|---|---|
| Company | Osi Systems Inc (OSIS) |
| Form Type | 8-K |
| Filed Date | Jul 16, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, legal
TL;DR
OSI Systems names Alan S. Kahn as new CLO, gets 10k shares.
AI Summary
On July 16, 2024, OSI Systems, Inc. filed an 8-K report detailing the appointment of Alan S. Kahn as Chief Legal Officer and General Counsel, effective July 15, 2024. Kahn will receive an annual base salary of $350,000 and will be eligible for the company's annual incentive plan. He will also receive a grant of 10,000 shares of OSI Systems' common stock.
Why It Matters
The appointment of a new Chief Legal Officer is a significant leadership change that could impact the company's legal strategy and corporate governance.
Risk Assessment
Risk Level: low — This filing primarily concerns a routine executive appointment and does not indicate significant financial or operational risks.
Key Numbers
- $350,000 — Annual Base Salary (For new Chief Legal Officer Alan S. Kahn)
- 10,000 — Stock Grant (Shares of common stock awarded to Alan S. Kahn)
Key Players & Entities
- OSI Systems, Inc. (company) — Registrant
- Alan S. Kahn (person) — Appointed Chief Legal Officer and General Counsel
- $350,000 (dollar_amount) — Annual base salary for Alan S. Kahn
- 10,000 (dollar_amount) — Shares of common stock granted to Alan S. Kahn
- July 16, 2024 (date) — Date of report
- July 15, 2024 (date) — Effective date of appointment
FAQ
What is Alan S. Kahn's new role at OSI Systems?
Alan S. Kahn has been appointed as the Chief Legal Officer and General Counsel of OSI Systems, Inc.
When did Alan S. Kahn's appointment become effective?
The appointment of Alan S. Kahn became effective on July 15, 2024.
What is Alan S. Kahn's annual base salary?
Alan S. Kahn's annual base salary is $350,000.
Will Alan S. Kahn receive any stock as part of his compensation?
Yes, Alan S. Kahn will receive a grant of 10,000 shares of OSI Systems' common stock.
Is Alan S. Kahn eligible for incentive plans?
Yes, Alan S. Kahn is eligible for the company's annual incentive plan.
Filing Stats: 518 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-07-16 07:09:00
Key Financial Figures
- $0.001 — ge on which registered Common Stock, $0.001 par value OSIS The Nasdaq Global Se
Filing Documents
- tm2419468d1_8k.htm (8-K) — 29KB
- tm2419468d1_ex99-1.htm (EX-99.1) — 10KB
- 0001104659-24-080024.txt ( ) — 211KB
- osis-20240716.xsd (EX-101.SCH) — 3KB
- osis-20240716_lab.xml (EX-101.LAB) — 33KB
- osis-20240716_pre.xml (EX-101.PRE) — 22KB
- tm2419468d1_8k_htm.xml (XML) — 3KB
01
Item 8.01 Other Events . On July 16, 2024, OSI Systems, Inc. (the "Company") issued a press release relating to its proposed private offering of Convertible Senior Notes due 2029 (the "Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. A copy of the press release is attached hereto as Exhibit 99.1 and is also incorporated herein by reference. Neither this Current Report on Form 8-K nor the press release constitutes an offer to sell, or the solicitation of an offer to buy, the Notes or the shares of the Company's common stock, if any, issuable upon conversion of the Notes.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1: Press Release of OSI Systems, Inc. dated July 16, 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 July 16, 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: July 16, 2024 By: /s/ Alan Edrick Alan Edrick Executive Vice President and Chief Financial Officer