Short answer
STAAR SURGICAL CO (STAA) filed an 8-K current report with the SEC on August 6, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Warren Foust appointed CEO and director, effective August 4, 2026, ending interim leadership.
STAAR SURGICAL CO 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Warren Foust appointed CEO and director, effective August 4, 2026, ending interim leadership
- Foust base salary $730,000 with 100% target bonus on salary earned after February 1, 2026
- CEO equity package totals 194,794 awards, including 131,830 performance options tied to $50, $75, and $100 share-price hurdles
- Foust receives 18 months’ base pay and benefits upon qualifying termination, including following a change in control
- Deborah Andrews remains CFO and becomes EVP, receiving options on 38,111 shares plus RSUs for 4,975 shares
Item 7.01 · Regulation FD Disclosure
- Mr. Foust appointed President and CEO and added to STAAR Surgical’s Board effective August 4, 2026
- Ms. Andrews transitions from Interim Co-CEO to CFO and Executive Vice President
- Leadership transition removes interim CEO structure while retaining Ms. Andrews in senior finance leadership
- Press release furnished as Exhibit 99.1 for additional succession details
Item EX-99.1 · Exhibit EX-99.1
- Warren Foust appointed President and CEO, effective August 4, 2026, ending interim leadership
- Foust adds Board seat after overseeing operational reset and return to profitable growth
- Deborah Andrews becomes Executive Vice President while continuing as CFO, preserving finance leadership continuity
- Management cites strongest first half in company history, China sequential growth, EVO+ launch, and favorable product-mix ASP tailwinds
- Strategy remains centered on revenue growth, profit expansion, and innovation acceleration toward a multi-product portfolio
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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