Accuray CFO Resigns

Accuray CFO Resigns

Accuray CFO Derek Bertocci resigned Tuesday.

The Sunnyvale, Calif.-based oncology company announced Tuesday that Bertocci has resigned and immediately replaced him with new hire Gregory Lichtwardt -- a former CFO for fellow medical-device maker Conceptus, where he worked for the past nine years.

Although no longer an employee, Bertocci "is anticipated to continue in a consulting role with the Company," for which he has worked since January 2009. In a filing with the SEC, Accuray revealed that Bertocci's consulting fee is likely to approximate $27,716.67 per month -- in addition to severance benefits.

As for Lichtwardt, this same SEC filing noted that he will be paid an annual base salary of $355,000, plus:

  • An annual bonus targeting 65% of base salary.

  • 125,000 restricted stock units, vesting over four years.

  • 125,000 "stock performance-based market stock units."

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