Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 7, 2020, Perceptron, Inc. (the "Company") issued a press release
announcing that the Board of Directors of the Company appointed Bill Roeschlein
as the Interim Vice President, Finance and Chief Financial Officer of the
Company, effective January 7, 2020. Mr. Roeschlein will also serve as the
principal financial officer and principal accounting officer of the Company.
Mr. Roeschlein succeeds Laura Pecoraro who previously served as the Company's
Vice President, Finance and as the Company's principal financial officer and
principal accounting officer. As previously disclosed, on November 22, 2019, Ms.
Pecoraro notified the Company of her decision to resign from the Company. Ms.
Pecoraro will remain with the Company during a transition period that is
expected to last until mid to late January 2020.
Mr. Roeschlein, age 50, served as the Chief Financial Officer and Principal
Financial and Accounting Officer of Intermolecular, Inc. from April 2017 until
December 2019. From August 2015 to April 2017, Mr. Roeschlein served as Vice
President of Finance of Intermolecular, Inc. where he was responsible for
corporate accounting and financial planning. From January 2015 to July 2015 and
from May 2010 to December 2012, Mr. Roeschlein was an advisor for high
technology companies, including Trident Microsystems, Inc. From January 2013 to
December 2014, Mr. Roeschlein served as Chief Financial Officer of Aurora Algae,
Inc., a producer of algae-derived products for the nutrition and biofuel
markets. From 2008 to 2010, Mr. Roeschlein served as Chief Financial Officer for
Power Integrations, Inc., a supplier of high-voltage analog semiconductors for
power conversion. From 2006 to 2008, Mr. Roeschlein served as Chief Financial
Officer for Selectica, Inc., a provider of cloud-based software solutions. Prior
to 2006, Mr. Roeschlein served in various corporate controller and financial
management roles at Ultra Clean Technology, Asyst Technologies, Hewlett-Packard
and Coopers & Lybrand.
Mr. Roeschlein's weekly base salary will be $7,200. He will not participate in
the Company's Fiscal 2020 Executive Short Term Incentive Plan or Long Term
Incentive Plan, nor employee benefit programs, except to the extent required by
law. He will be reimbursed for reasonable travel, housing and rental car
expenses incurred in the performance of his duties.
Attached hereto and incorporated by reference as Exhibit 99.1 is the press
release relating to such announcement. Such information shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor
shall it be deemed incorporated by reference in any filing under the Securities
Act of 1933, except as shall be expressly set forth by specific reference in
such filing.
Item 9.01. Financial Statements and Exhibits.
D. Exhibits.
Exhibit No. Description
Exhibit 99.1 Press Release, dated January 7, 2020.
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