Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
2019 Short-Term Incentive Plan
On January 24, 2019, Compensation Committee of the Company’s Board of Directors of IRIDEX Corporation (the “Company”) approved the Company’s 2019 Short-Term Incentive Plan (the “STI Plan”). Mr. Moore is eligible to participate in the STI Plan. Mr. Moore’s maximum amount payable under the STI Plan is $335,806.
Awards under the STI Plan are based upon the achievement of certain corporate objectives that apply to all STI Plan participants and certain individual objectives specific to each STI Plan participant. Mr. Moore’s award under the STI Plan is subject to the Company’s achievement of certain sales targets, as well as certain other financial and operations-related performance goals specific to Mr. Moore.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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IRIDEX CORPORATION |
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By: |
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/s/ William M. Moore |
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William M. Moore President and Chief Executive Officer |
Date: January 25, 2019
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