iRobot (IRBT) has released an update to notify the public and investors about its officers.
Colin Angle resigned as CEO and chairman of a company, opting not to seek re-election to its Board, and will serve as a Senior Advisor for up to a year with a continued salary but no bonus for 2024. A Transition Agreement outlines his salary continuation, potential accelerated equity vesting, and non-compete obligations. Glen D. Weinstein has been appointed Interim CEO, with prior roles in the company since 2000, and will receive additional compensation, including a stipend, bonus, and a one-time equity award, with severance benefits if his employment is terminated.
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