UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by a check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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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.
Appointment of Chief Product Officer
On November 7, 2022, the board of directors of OraSure Technologies, Inc. (the “Company”) appointed Kathleen G. Weber, the Company’s current President of Molecular Solutions, as the Company’s Chief Product Officer, effective November 14, 2022. In connection with the appointment of Ms. Weber as the Company’s Chief Product Officer, on November 7, 2022, the Company and Ms. Weber entered into Amendment No. 2 to that certain Employment Agreement, dated as of January 1, 2019, by and between the Company, DNA Genotek Inc., the Company’s wholly-owned subsidiary, and Ms. Weber. The amendment reflects the change in Ms. Weber’s title and duties and makes certain changes to the Employment Agreement’s definition of “Good Reason”. Upon a resignation from employment by Ms. Weber for Good Reason, Ms. Weber would be entitled to severance benefits as set forth in the Employment Agreement, which severance benefits were not changed by the amendment.
The foregoing description of the amendment does not purport to be complete and is qualified in its entirety by reference to the amendment, a copy of which will be filed with the Company’s Annual Report on Form 10-K for the year ending December 31, 2022.
Item 8.01 – Other Events.
Resignation of President of Diagnostics
Lisa Nibauer has chosen to resign as the Company’s President of Diagnostics, effective November 11, 2022.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ORASURE TECHNOLOGIES, INC. |
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Date: November 14, 2022 |
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/s/ Carrie Eglinton Manner |
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Carrie Eglinton Manner |
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President and Chief Executive Officer |
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