INTEGER HOLDINGS CORPORATION (NYSE:ITGR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

INTEGER HOLDINGS CORPORATION (NYSE:ITGR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.

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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) and (e)On February 22, 2018, Integer Holdings Corporation (the “Company”) announced that Jeremy Friedman, Chief Operating Officer of the Company, has notified the Company of his intention to retire from the Company on or after December 28, 2018. In connection with this notification, Mr. Friedman and the Company have entered into a letter agreement, dated February 18, 2018, under which they have agreed that (i) certain modifications to Mr. Friedman’s duties and responsibilities, in connection with his pending retirement, will not constitute “good reason” as defined in Mr. Friedman’s employment offer letter dated October 7, 2016 (the “Offer Letter”); (ii) the time-based restricted stock units that were granted to Mr. Friedman under the terms of the Offer Letter will be eligible for accelerated retirement vesting on December 28, 2018 under the terms of the Company’s 2016 Stock Incentive Plan; (iii) upon retirement on or after December 28, 2018, Mr. Friedman will be eligible to receive severance pay as if his employment had been terminated “without cause” under the terms of the Offer Letter on December 28, 2018; and (iv) Mr. Friedman will remain eligible to receive a short term incentive award under the terms of the Company’s short term incentive program for fiscal year 2018.

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