UNITED STATES
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CURRENT REPORT
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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.
(e) On January 24, 2024, the Compensation Committee of the Board of Directors of Quanterix Corporation (the “Company”) approved the 2024 annual cash incentive plan (the “2024 AIP”). Amounts earned under the 2024 AIP will be based on the achievement of defined corporate and personal performance objectives relating to financial, operational and functional matters. Each of the Company’s executive officers has been assigned a target award amount established as a percentage of the executive’s base salary earned in 2024. The Company’s chief executive officer, Masoud Toloue, and chief financial officer, Vandana Sriram, have target awards of $650,000 and $312,312, respectively, under the 2024 AIP. Amounts payable could be higher or lower based on the achievement level of defined objectives.
In addition, on January 24, 2024, the Compensation Committee authorized (i) the amendment of the employment agreement of Dr. Toloue to provide for salary continuation for twenty-four (24) months and (ii) the amendment of the employment agreement of Ms. Sriram to provide for salary continuation for twelve (12) months, if the Company terminates such executive’s employment without cause, or if such executive resigns for good reason, and the effective date of such termination occurs within the ninety (90) day period immediately preceding or the twelve (12) month period immediately following a change-in-control.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. |
Description | |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| QUANTERIX CORPORATION | ||
| By: | /s/ Vandana Sriram | |
| Vandana Sriram | ||
| Chief Financial Officer | ||
Date: January 30, 2024