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Proto Labs ( (PRLB) ) has issued an announcement.
Bjoern Klaas, the ex-Vice President and General Manager of Proto Labs’ EMEA region, has reached a settlement with the company concerning his departure. The agreement includes a severance package featuring a cash payout equal to his annual base salary, a pro-rated bonus, the accelerated vesting of stock options and restricted stock units, and a calculated settlement for performance stock unit awards. Additionally, Klaas’s post-employment non-compete and non-solicitation obligations have been waived, and he will receive half his base salary for one year as part of the resolution.
Learn more about PRLB stock on TipRanks’ Stock Analysis page.
