Enovis announces executive officer departure and transition agreement

Enovis Corporation (NYSE:ENOV) reported that Daniel A. Pryor has stepped down from his role as executive officer effective November 7, following a restructuring of management roles that resulted in the elimination of his position as Executive Vice President, Strategy and Business Development. According to the company’s statement in a filing with the Securities and Exchange Commission, Mr. Pryor will remain with Enovis as an employee in an advisory capacity through March 31, 2026.

The company and Mr. Pryor have entered into a Separation and General Release Agreement dated Friday. Under this agreement, Mr. Pryor will continue to receive his current base salary and benefits until his departure date. He will also remain eligible for a cash bonus for 2025 under the company’s annual incentive plan, and his existing equity awards will continue to vest according to their original schedules through the end of his employment. The agreement specifies that Mr. Pryor will not receive additional equity grants under the company’s long-term incentive plans.

Following his departure, Mr. Pryor is entitled to cash payments equal to his annual base salary as of the departure date, plus the greater of his target annual cash incentive for the year or the average of his two largest annual cash incentives from the previous three years, as outlined in his employment agreement. He will also receive a partial year bonus for 2026, continued health benefits for twelve months, and outplacement assistance with a cap of $75,000. The agreement includes a general release and waiver from Mr. Pryor.

Enovis stated that the full text of the separation agreement will be filed with its next Annual Report on Form 10-K. This information is based on a press release statement included in the company’s recent SEC filing.

In other recent news, Enovis Corp reported a strong performance in the third quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.75, which was higher than the forecasted $0.649, marking a 15.56% surprise. Revenue for the quarter reached $549 million, exceeding the anticipated $538.61 million. This growth was driven by a 9% year-over-year increase. Despite these positive earnings results, Enovis shares experienced a pre-market decline. No additional updates on mergers, acquisitions, or analyst upgrades or downgrades were available. These recent developments highlight Enovis Corp’s financial achievements in the latest quarter.

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