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Accelerate Diagnostics CFO Steve Reichling to step down
The Fly

Accelerate Diagnostics CFO Steve Reichling to step down

On March 9, 2023, Steve Reichling "notified Accelerate Diagnostics of his decision to resign as CFO of the Company, effective March 31, 2023. Mr. Reichling currently serves as the Company’s principal financial officer and principal accounting officer. Mr. Reichling’s resignation is for personal reasons and is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. In connection with Mr. Reichling’s resignation, on March 9, 2023, the Company and Mr. Reichling entered into a consulting services agreement, pursuant to which Mr. Reichling has agreed to provide certain consulting and transitional services to the Company beginning April 3, 2023 through December 29, 2023, unless earlier terminated in accordance with the Reichling Consulting Agreement. In consideration of the services to be provided by Mr. Reichling, the Company will grant him 275,248 shares of the Company’s common stock on or about April 3, 2023, with 50% of such shares vesting immediately upon grant, 25% vesting on or about August 13, 2023 and the remaining 25% vesting on or about December 13, 2023. Mr. Reichling has also agreed to certain covenants regarding non-solicitation, confidentiality and intellectual property rights."

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