Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Harvard Bioscience, Inc. (NASDAQ:HBIO) announced Tuesday it has entered into a retention letter agreement with Mark Frost, the company’s Interim Chief Financial Officer. According to a statement in a recent SEC filing, the agreement makes Mr. Frost eligible for a cash bonus of $100,000 if he remains employed through the successful refinancing of the company’s existing term loan and senior revolving credit facility before March 15, 2026.
The retention bonus replaces a previous cash bonus of $50,000 that was outlined in Mr. Frost’s offer letter dated April 10, 2025. To receive the bonus, Mr. Frost must continue his employment through the refinancing date and, unless terminated without cause, through the retention date.
The agreement also details certain payments and benefits if Mr. Frost’s employment is terminated without cause before the retention date. In that scenario, he would receive his base salary and the company’s portion of COBRA health insurance premiums for five months following the termination, contingent on signing a general release of claims.
This information is based on a press release statement included in the company’s Form 8-K filed with the Securities and Exchange Commission. Harvard Bioscience is incorporated in Delaware and its common stock is listed on the NASDAQ Stock Market under the symbol HBIO.
In other recent news, Harvard Bioscience reported its Q2 2025 earnings, showing mixed results. The company achieved a revenue of $20.5 million, which did not meet the forecasted $21.4 million. Additionally, the earnings per share (EPS) was reported at -$0.01, falling short of the expected -$0.005. During the earnings call, the company emphasized its strategic initiatives and cost reduction efforts. Despite these financial results, the stock demonstrated resilience. These developments are part of the company’s ongoing efforts to navigate market challenges. Investors will be closely monitoring how Harvard Bioscience’s strategies impact future financial performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.