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HNSN > SEC Filings for HNSN > Form 8-K on 24-Jun-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 June 18, 2014, we entered into a separation agreement (the "Separation Agreement") with Peter J. Mariani, our former Chief Financial Officer, in connection with the end of his employment with us on June 10, 2014.

Pursuant to the Separation Agreement and Mr. Mariani's retention agreement with us dated May 31, 2011, if Mr. Mariani does not revoke the release of claims contained in the Separation Agreement, Mr. Mariani will receive: (i) severance payments in the aggregate amount of $150,382.68, equal to six months of Mr. Mariani's most recent base salary; (ii) payment of a retention bonus opportunity in the amount of $60,153.04; and (iii) payment of his and, if applicable, his dependents' COBRA premiums for up to six months following the termination of his employment.

The description of the Separation Agreement contained herein does not purport to be complete and is qualified in its entirety by reference to the Separation Agreement that will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarterly period ending June 30, 2014.

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