Inogen Inc.

31/07/2024 | Press release | Distributed by Public on 31/07/2024 21:06

Management Change/Compensation Form 8 K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Jason Somer Transition Agreement

As previously announced in the Current Report on Form 8-K filed by Inogen, Inc. (the "Company"), dated July 2, 2024, the Company and Jason Somer, Executive Vice President, General Counsel and Secretary of the Company, mutually determined that Mr. Somer would separate from the Company on July 19, 2024. Mr. Somer's role as an officer and employee of the Company ended effective July 19, 2024 (the "Separation Date"). In connection with the separation of Mr. Somer's employment with the Company, on July 26, 2024, Mr. Somer and the Company entered into a transition agreement and release related to the termination of Mr. Somer's employment with the Company (the "Transition Agreement").

The Transition Agreement provides that, subject to (a) Mr. Somer's execution of the Transition Agreement, (b) the Transition Agreement becoming effective, and (c) Mr. Somer's continued compliance with the terms of the Transition Agreement, the Company will provide Mr. Somer with the severance benefits consistent with Mr. Somer's Employment and Severance Agreement with the Company, dated July 12, 2021.

The summary of the Transition Agreement set forth above does not purport to be complete and is qualified in its entirety by reference to the full text of the Transition Agreement, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated by reference herein.