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HNSN > SEC Filings for HNSN > Form 8-K on 14-May-2014All Recent SEC Filings

Show all filings for HANSEN MEDICAL INC



Change in Directors or Principal Officers

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 9, 2014, the Compensation Committee of our Board of Directors amended the severance benefits that Robert Cathcart, our Senior Vice President of Global Sales, is eligible to receive pursuant to his pre-existing Retention Agreement with us. If Mr. Cathcart's employment is terminated without cause or if he resigns for good reason, he will be eligible to receive salary continuation payments for 12 months, the payment by us of COBRA premiums for himself and his eligible dependents for up to 12 months and, under certain circumstances, a prorated target bonus payable ratably during the severance period.

On May 9, 2014, the Compensation Committee of our Board of Directors also approved a retention arrangement with Will Sutton, our Chief Operating Officer, pursuant to which Mr. Sutton will earn a lump-sum cash bonus of $50,000 on each of September 30, 2014, March 31, 2015, September 30, 2015 and March 31, 2016 subject to Mr. Sutton remaining continuously employed by us through each such date.

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