Agribusiness  June 11, 2021

Heska, CEO Kevin Wilson sign new employment agreement

LOVELAND — Heska Corp. (Nasdaq: HSKA) has signed a new employment agreement with CEO Kevin Wilson, extending his tenure at least for another four years.

The veterinary pharmaceutical and diagnostic company on June 8 signed an amended and restated employment agreement with Wilson, according to documents filed with the U.S. Securities and Exchange Commission. The agreement superseded and replaced an existing agreement that was set to expire Dec. 31.

The new agreement includes automatic one-year renewals, with six months’ notice of non-renewal by either party.

SPONSORED CONTENT

Business Cares: March 2024

WomenGive, a program of United Way of Larimer County, was started in Larimer County in 2006 as an opportunity for women in our community to come together to help other women.

Wilson will earn a base salary of $1 million, with a target bonus of at least $500,000. It also provides for a grant of 34,800 performance-vesting stock options and a grant of 180,000 shares of performance-vesting restricted stock at maximum performance.

One-half of the 34,800 performance-vesting stock options will vest when the average closing price of Heska stock over a 20-day period equals $300, with the remainder vesting when the stock price equals $350.

The 180,000 shares will be earned if certain performance targets are reached.

Heska’s stock closed at $206.05 Thursday, up $3.08, or 1.52%.

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
Sign up for BizWest Daily Alerts