IDEXX ($IDXX) and Nimrata Hunt, EVP Global Strategy & Commercial, agreed she’ll cease her role Apr 13,…
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IDEXX ($IDXX) and Nimrata Hunt, EVP Global Strategy & Commercial, agreed she’ll cease her role Apr 13, 2026 and serve as advisor through Jul 13, 2026. Separation announced Mar 24, 2026; role eliminated and treated as termination without cause. 🗓️🔁 #ExecMove #Governance
Under the separation agreement IDEXX will pay Dr. Hunt: $1.23M salary continuation (104 wks) + $984K target bonus (2 yrs), $50K COBRA lump sum, $10K transition, and tax prep up to $6K/yr (2025–26). Vested options exercisable; unvested awards forfeited. $IDXX 💵 #ExecComp #CorporateGovernance
Agreement includes a general release, non‑disparagement and cooperation covenants; Dr. Hunt remains bound by prior restrictive covenants (CIWP Agreement dated Jan 24, 2022). Advisory days after Apr 13 paid per‑diem based on base salary. 🔒 #Legal #Governance