AVNS — End of Consulting Agreement for Interim CFO
May 31, 2025, 4:00:00 AM UTC
Summary
Avanos Medical, Inc. has announced the end of the consulting agreement with Warren Machan, who has been serving as the company's Interim Chief Financial Officer. The agreement, which started on October 28, 2024, will terminate on May 31, 2025, or upon an earlier agreed date with 30 days' notice. Machan's compensation included a fixed monthly fee that increased from $45,000 to $60,000 starting March 1, 2025. He was also eligible for two $45,000 cash bonuses, contingent upon his satisfactory performance and that the agreement remains in effect through the respective end periods. The decision about his performance was at the discretion of the company's CEO. No further incentives were part of his contract. The conclusion of his tenure as interim CFO completes the arrangement stipulated in the consulting agreement with Avanos.
Company
AVANOS MEDICAL INC (AVNS)NYSE — Healthcare: Manufacturing, Medical Devices: Orthopedic Prosthetic & Surgical Appliances & Supplies
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