Company: STAA
Filing Date: 2025-02-26
Form Type: 8-K
Source: 0000950170-25-027880
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Company: STAAR SURGICAL CO
Filing Date: 2025-02-26
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 26, 2025, STAAR Surgical Company (the “ Company”) announced that the Company’s Board of Directors (the “ Board”) appointed Stephen C. Farrell to succeed Thomas G. Frinzi as President and Chief Executive Officer, effective February 26, 2025 (the “ Effective Date”). In addition, the Company announced that the Board elected Director Elizabeth Yeu, M. D., to serve as Board Chair, effective as of the Effective Date.

Mr. Farrell, age 59, has served on the Company’s Board since 2016, and since January 2023, he has served as Lead Independent Director. Since February 2024, Mr. Farrell has been working as a consultant to private companies focused on improving financial performance and operating efficiencies. From February 2011 to February 2024, Mr. Farrell served as the Chief Executive Officer and a member of the Board of Directors of Convey Health Solutions, a technology-enabled healthcare business process outsourcer. Also, from 2012 to 2020 he served as a member of the Board of Directors of Lineage Cell Therapeutics, formerly known as BioTime, Inc., a clinical stage biotechnology company focused in the field of regenerative medicine. From 2008 to 2009, Mr. Farrell served as the Executive Vice President and Chief Financial Officer for Stream Global Services, a business process outsourcer. From 1999 to 2007, Mr. Farrell served in multiple executive roles, including CFO, COO, and President, at PolyMedica Corporation, a publicly traded provider of diabetes supplies that was acquired by Medco Health Solutions in 2007. From 2007 to 2014, he served as a member of the Board of Directors of Questcor Pharmaceuticals, a biopharmaceutical company that was acquired by Mallinckrodt PLC in 2014. Mr. Farrell spent five years as a Senior Manager at PricewaterhouseCoopers from 1994 to 1999, and was a Certified Public Accountant (CPA). He received his B. A. from Harvard University and earned an M. B. A. at the University of Virginia, Darden School of Business.

Mr. Farrell has no family relationship to the Company nor to any of its directors or executive officers, and there are no transactions in which