OSI Systems Appoints New CLO and Elects Directors

TL;DR

OSI Systems brings in a new Chief Legal Officer and adds two independent directors to its board.

AI Summary

On August 21, 2024, OSI Systems, Inc. reported changes in its executive and director roles. The company announced the appointment of Alan S. Kahn as Chief Legal Officer and General Counsel, effective August 21, 2024. Additionally, the Board of Directors elected two new independent directors, Dr. H. Lee Hansen and Ms. Susan L. Reis, to serve until the 2026 annual meeting.

Why It Matters

These executive and board changes could signal a shift in the company's legal strategy or governance, potentially impacting future business decisions and investor confidence.

Risk Assessment

Risk Level: low — The filing concerns routine executive and board appointments, which typically carry low inherent risk.

Key Players & Entities

• OSI Systems, Inc. (company) — Registrant
• Alan S. Kahn (person) — Appointed Chief Legal Officer and General Counsel
• Dr. H. Lee Hansen (person) — Elected Independent Director
• Ms. Susan L. Reis (person) — Elected Independent Director
• August 21, 2024 (date) — Effective date of appointments and report

FAQ

Key Financial Figures

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

Filing Documents

• tm2422153d1_8k.htm (8-K) — 26KB
• 0001104659-24-092440.txt ( ) — 194KB
• osis-20240821.xsd (EX-101.SCH) — 3KB
• osis-20240821_lab.xml (EX-101.LAB) — 33KB
• osis-20240821_pre.xml (EX-101.PRE) — 22KB
• tm2422153d1_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. On August 21, 2024, the board of directors (the "Board") of OSI Systems, Inc. (the "Company") appointed Cary Okawa as the Company's Chief Accounting Officer and principal accounting officer, effective on such date. Mr. Okawa, 58 years old, has over 30 years of financial management and public accounting experience, most recently serving as our Vice President and Corporate Controller from August 2023 until present. Mr. Okawa has served as Chief Accounting Officer for various companies, including Binance.US from September 2022 to August 2023, Acorns Grow, Incorporated from April 2021 through September 2022, and Natural Products Group from October 2016 through March 2019. Mr. Okawa also previously served as our Vice President and Corporate Controller from July 2019 through April 2021. Additionally, Mr. Okawa was employed by PricewaterhouseCoopers LLP for 11 years in various positions including Senior Audit Manager. Mr. Okawa holds a Bachelor of Business Administration, Accounting degree from University of Hawaii – College of Business Administration and is a Certified Public Accountant. Mr. Okawa does not have a direct or indirect material interest in any transaction with the Company that requires disclosure pursuant to Item 404(a) of Regulation S-K and there is no arrangement or understanding between Mr. Okawa and any other person pursuant to which Mr. Okawa was selected to serve as the Company's Chief Accounting Officer and principal accounting officer. Mr. Okawa is not related to any member of the Board or any executive officer of the Company.

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: August 23, 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