BRUKER CORPORATION (NASDAQ:BRKR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 23, 2017, Bruker Corporation (the “Company”) was notified by Michael G. Knell, Vice President of Finance and Chief Accounting Officer, of his decision to resign from the Company to pursue other opportunities, effective March 31, 2017. Mr. Knell also resigned from all other positions he held with the Company and its affiliates. There were no disagreements with Mr. Knell on any matter of accounting principles or practices or financial statement disclosure. Mr. Knell has agreed to continue his employment and provide transition assistance until April 21, 2017.
Effective March 23, 2017, Anthony L. Mattacchione, the Company’s Chief Financial Officer and Senior Vice President, who currently serves as the Company’s principal financial officer, assumed Mr. Knell’s responsibilities as the Company’s principal accounting officer.
Mr. Knell is entitled to receive a cash incentive award payment for 2016 performance in the amount of $68,788. Additionally, Mr. Knell is eligible to receive a payment of $116,573 in connection with his departure, as well as COBRA healthcare coverage for a period of up to six months and certain other benefits, subject to satisfactory completion of certain transition responsibilities. Mr. Knell will be bound by non-competition and non-solicitation obligations to the Company for a period of one year from the date of his separation from employment.
