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Novanta Announces Board Changes and Director Compensation

Novanta Announces Board Changes and Director Compensation

Novanta (NOVT) has provided an update.

Katherine A. Owen stepped down from Novanta Inc.’s Board of Directors and the Audit Committee, a move not prompted by any disputes with the company. Mary Kay Ladone was appointed to fill the vacancy, with her compensation including a prorated annual cash retainer and equity award in line with Novanta’s policy for non-employee directors. Ladone will also sign the company’s standard indemnification agreement for directors and officers.

For an in-depth examination of NOVT stock, go to TipRanks’ Stock Analysis page.

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