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Item 5.02. Departure of Directors or Certain Officers; Election of Directors: Appointment of Certain Officers; Compensatory Arrangement of Certain Officers
Align Technology, Inc. (“Align ” or the "Company") today announced that Raphael Pascaud, senior vice president of business development and strategy will leave the Company effective October 1, 2019 and join Sweden based Molnlycke Health Care as executive vice president, Commercial. The Company previously announced in October 2018 that Mr. Pascaud was reducing his responsibilities and would transition to a part-time position in order to spend more time with his family in the UK. Mr. Pascaud's new position with Molnlycke requires less travel and will provide him and his family with more balance. In February 2019, Raj Pudipeddi joined Align as senior vice president and Chief Marketing Officer (CMO), replacing Mr. Pascaud and Mr. Pudipeddi will now assume all responsibility for business development and strategy upon Mr. Pascaud's departure. As part of Mr. Pascaud's departure, he will receive a pro-rata bonus of $125,468 US and 12-months' accelerated vesting of his outstanding restricted stock units (RSUs).
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 hereunto duly authorized.
|ALIGN TECHNOLOGY, INC.|
|By:||/s/ Julie Coletti|
|SVP, Chief Legal and Regulatory Officer|
Date: September 24, 2019