Accelerate Diagnostics Inc. filed SEC Form 8-K: Leadership Update
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CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 22, 2025, Accelerate Diagnostics, Inc. (the “Company”) entered into a retention bonus agreement (the “Phillips Retention Agreement”) with Jack Phillips, the Company’s President and Chief Executive Officer. Pursuant to the Phillips Retention Agreement, Mr. Phillips is entitled to receive a retention bonus payment of $200,000, which will be paid as soon as practicable. Upon termination of employment for any reason (other than termination by the Company without “Cause” (as defined in the Phillips Retention Agreement)) prior to 180 days after execution of the Phillips Retention Agreement, Mr. Phillips will be required to repay to the Company the net after-tax amount of his retention bonus payment.
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.
| ACCELERATE DIAGNOSTICS, INC. | |
| (Registrant) | |
| Date: April 25, 2025 | |
| /s/ David Patience | |
| David Patience | |
| Chief Financial Officer |