UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 3, 2024, the board of directors (the “Board”) of LENSAR, Inc. (the “Company”) approved the grant of (i) restricted stock units (“RSUs”) and (ii) performance stock units (“PSUs”) to Nicholas T. Curtis, Alan B. Connaughton and Thomas R. Staab, II in the amounts set forth below opposite such officer’s name. The RSUs were granted on May 6, 2024 pursuant to the Company’s 2020 Incentive Award Plan (the “Plan”) and vest in four substantially equal annual installments on each anniversary of the grant date. The PSUs were granted on May 6, 2024 pursuant to the Plan and are eligible to vest as to (i) 50% if, as of the end of any calendar quarter prior to December 31, 2026, the Company’s cumulative one-year trailing revenues equal or exceed $75 million, and (ii) 50% if, as of any calendar quarter prior to December 31, 2027, the Company’s cumulative one-year trailing revenues equal or exceed $100 million.
Name |
Number of RSUs |
Number of PSUs |
Nicholas T. Curtis |
71,400 |
71,400 |
Alan B. Connaughton |
45,000 |
45,000 |
Thomas R. Staab, II |
19,000 |
19,000 |
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.
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LENSAR, Inc. |
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Date: |
May 8, 2024 |
By: |
/s/ Nicholas T. Curtis |
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Nicholas T. Curtis |