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VREX - Varex Imaging News Story

$12.32 -0.0  -0.2%

Last Trade - 7:05pm

Sector
Healthcare
Size
Mid Cap
Market Cap £372.3m
Enterprise Value £637.7m
Revenue £594.1m
Position in Universe 2983rd / 6371

BRIEF-Varex Imaging Corp President And CEO Will Take A Temporary Reduction Of Base Salary

Thu 16th April, 2020 10:09pm
April 16 (Reuters) - Varex Imaging Corp  VREX.O :
    * VAREX IMAGING CORP - CO'S PRESIDENT AND CEO, WILL TAKE A
TEMPORARY REDUCTION OF APPROXIMATELY 30% OF HIS BASE SALARY FROM
MAY 4 TO SEPTEMBER 25
    * VAREX IMAGING - CO'S VICE PRESIDENTS & SENIOR VICE
PRESIDENTS
WILL TAKE A TEMPORARY REDUCTION OF ABOUT 20% OF BASE SALARY FROM
MAY 4 TO SEPTEMBER 25
    * VAREX IMAGING CORP - ANNUAL CASH RETAINER APPLICABLE TO
ALL
NON-EMPLOYEE DIRECTORS WILL BE REDUCED IN H2 OF COS FISCAL YEAR
2020 BY 30%
    * VAREX IMAGING CORP - EACH DIRECTOR-LEVEL EMPLOYEE WILL
TAKE
TEMPORARY REDUCTION OF ABOUT 15% OF BASE SALARY FROM MAY 4 TO
SEPTEMBER 25
    * VAREX IMAGING - EACH U.S. EMPLOYEE NOT DIRECTLY RELATED TO
PRODUCTION OF CO'S PRODUCTS WILL TAKE 2 WEEKS UNPAID TIME PRIOR
TO END OF CO'S FY 2020
    * VAREX IMAGING - HAS DETERMINED TO FURLOUGH OF A PORTION OF
U.S.
EMPLOYEES THAT ARE NOT DIRECTLY RELATED TO PRODUCTION OF
COMPANY'S PRODUCTS
    * VAREX IMAGING CORP -  CO TO FURLOUGH APPROXIMATELY 5% OF
ITS
TOTAL U.S. WORKFORCE FOR A PERIOD OF UP TO THREE MONTHS
    * VAREX IMAGING CORP - COMPANY HAS DETERMINED TO FURTHER
REDUCE
EXPENSES THROUGH SALARY REDUCTIONS FOR CERTAIN EMPLOYEES
    * VAREX IMAGING CORP - DURING ANY PERIOD OF FURLOUGH,
COMPANY WILL
CONTINUE TO PAY BENEFITS TO SUPPORT IMPACTED PERSONNEL

Source text: (https://bit.ly/3bbARMa)
Further company coverage:  VREX.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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