Neogen Corporation's Chief Financial Officer and Chief Operating Officer, David Naemura, has decided to voluntarily resign to pursue another opportunity.
Despite the resignation, Neogen Corporation wishes to retain Naemura as the Chief Financial Officer for a transitional period.
The agreement specifies Naemura's continued role until a successor is found and onboarded, with specific timelines and conditions.
Transition Period
Naemura will remain as CFO until a successor is appointed, with a transition plan in place.
Bonus Eligibility
Naemura remains eligible for 50% of his annual ICP bonus if he continues until December 31, 2025.
Equity Vesting
Naemura's equity grants will continue to vest based on existing schedules while he remains employed.
- The smooth transition plan ensures operational continuity for Neogen Corporation during the CFO changeover.
- Naemura's agreement provides clarity on his role, benefit eligibility, and equity arrangements, reducing uncertainty within the company.
The comprehensive agreement between Neogen Corporation and David Naemura outlines a structured transition process for the CFO position, maintaining stability within the organization.