Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Having helped Heska Corporation ("Heska" or the "Company") meet its strategy and
corporate development goals in 2019, on January 20, 2020, Jason A. Napolitano
and the Company amicably agreed to terminate his employment. The Company and Mr.
Napolitano entered into a Separation and Release Agreement pursuant to which (i)
Mr. Napolitano agreed, among other things, to execute a customary release of
claims in favor of the Company, and (ii) the Company agreed to pay a lump sum
severance to Mr. Napolitano of $500,000. Mr. Napolitano has agreed to work with
a New York-based boutique investment bank.
Mr. Napolitano was appointed Heska's Chief Strategy Officer in August 2019 and
served in this role through January 20, 2020. He previously served as Chief
Operating Officer from October 2015 to August 2019 and Chief Strategist from
September 2016 to August 2019. He also served as Executive Vice President and
Chief Financial Officer from May 2002 to September 2016. In addition, he served
as Heska's Secretary from February 2009 to March 2019 and from May 2002 to
December 2006.
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