FARO TECHNOLOGIES, INC. (NASDAQ:FARO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On April 3, 2017, Janet D’Anjou, the Company’s Vice President and Corporate Controller and Principal Accounting Officer, was appointed to a new position with the Company as Vice President, Finance and Corporate Development. Concurrent with this appointment, Stephen Bubar was appointed as the Company’s Vice President and Corporate Controller and Principal Accounting Officer.

Mr. Bubar, age 45, previously served as Senior Director, Financial Reporting of Masimo Corporation (NASDAQ: MASI) from November 2013 to April 2017, as Director, Financial Reporting from June 2006 to October 2013 and as Assistant Controller from March 2003 to May 2006. Mr. Bubar previously served as a finance manager at Arrow Electronics, Inc. from 2001 to 2003, as a senior reporting analyst at Powerwave Technologies, Inc. from 1997 to 2001 and started his career at Ernst & Young LLP as a member of the audit team from 1993 to 1996. Mr. Bubar holds a B.S. in accounting from Canisius College and an MBA from the University of California, Irvine.

>There are no family relationships between Mr. Bubar and any director or executive officer of the Company, and Mr. Bubar does not have any direct or indirect material interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K.

Mr. Bubar will receive an annual base salary of $220,000 and is eligible for an annual incentive bonus of up to 30% of his base salary. Mr. Bubar will also be eligible to participate in the Company’s annual long-term incentive plan beginning in 2018. Mr. Bubar received a sign-on bonus of $35,000, which must be repaid to the Company if he voluntarily leaves the Company prior to the one-year anniversary of his hire date. On April 3, 2017, Mr. Bubar received a one-time equity grant of 4,667 time-vesting non-qualified stock options with an exercise price of $33.90 and 648 restricted stock units. The stock options will vest in three equal annual installments beginning on the first anniversary of the date of grant and the restricted stock units will cliff-vest after three years.

About FARO TECHNOLOGIES, INC. (NASDAQ:FARO)
FARO Technologies, Inc. designs, develops, manufactures, markets and supports software driven, three-dimensional (3-D) measurement, imaging and realization systems. The Company operates in three segments: Americas, Europe/Africa and Asia-Pacific. The Company sells its products through a direct sales force across a number of customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications. Its FaroArm, FARO Laser ScanArm, FARO Gage, FARO Laser Tracker, FARO Cobalt Array 3D Imager AMP, and their companion CAM2 software provide for Computer-Aided Design (CAD)-based inspection and/or factory-level statistical process control and surveying. The Company’s FARO Focus3D and FARO Freestyle3D laser scanners, and their companion SCENE, FARO public safety software and FARO 3D software, are utilized for a variety of 3D modeling, documentation and high-density surveying applications. FARO TECHNOLOGIES, INC. (NASDAQ:FARO) Recent Trading Information
FARO TECHNOLOGIES, INC. (NASDAQ:FARO) closed its last trading session down -0.85 at 33.05 with 76,484 shares trading hands.