Short answer
STAAR SURGICAL CO (STAA) filed an 8-K current report with the SEC on September 10, 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). David Bailey appointed Chief Commercial Officer effective September 8, 2026, returning with prior CEO and international operations experience.
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
- David Bailey appointed Chief Commercial Officer effective September 8, 2026, returning with prior CEO and international operations experience
- CHF 462,825 annual base salary, approximately $575,000, prorated for 2026
- Fiscal 2026 target cash bonus equal to 60% of base salary, prorated
- $850,000 initial RSU grant vesting one-third annually over three years
- $1,400,000 2026 long-term incentive award, split 50% stock options and 50% RSUs
Item 7.01 · Regulation FD Disclosure
- Bailey appointed Chief Commercial Officer, adding dedicated leadership for commercial strategy
- Executive change may influence sales execution, market expansion, and revenue growth priorities
- Press release furnished as Exhibit 99.1 for appointment details and background
Item EX-99.1 · Exhibit EX-99.1
- Former CEO David Bailey appointed Chief Commercial Officer, rejoining executive committee and reporting to CEO Warren Foust
- Mandate centered on accelerating revenue growth and expanding EVO ICL adoption as laser refractive volumes decline globally
- Bailey’s prior tenure included ICL commercialization across Asia, 2005 FDA approval, and Canon Japan joint-venture acquisition
- Historical international revenues reached 74% of total by 2011, while ICL revenue grew to approximately $32 million
- Management highlights expansion opportunities across China, Japan, U.S., South and Southeast Asia, South America, and Africa
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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