Azenta sets interim CEO Madaus pay at $600,000 salary and $1.2 million RSU grant
Azenta's board approved a letter agreement with Dr. Martin D. Madaus, its Interim President and Chief Executive Officer since August 22, 2026, setting his base salary, a cash performance bonus, and an equity grant. The company also granted retention restricted stock units to four named executive officers, including $1,000,000 for Chief Financial Officer Lawrence Lin. The filing discloses pay terms and governance changes, and it does not report financial results.
Key points
- Madaus receives an annual base salary of $600,000 and a cash performance recognition bonus equal to 100% of salary, which vests on the first anniversary of his start date.
- Madaus receives restricted stock units with an award value of $1,200,000, vesting in 1/12 monthly installments from his start date.
- Retention awards: Lawrence Lin $1,000,000; Ephraim Starr, Olga Pirogova and Trey Martin $500,000 each, with 50% vesting on each of the first and second anniversaries of the September 14, 2026 grant date.
- Madaus left the Nominating and Governance Committee, which now consists of William L. Cornog (Chair), Frank E. Casal and Robyn C. Davis.
The filing
Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 17, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.