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PROF 8-K: Ceo change

Profound Medical

Filed with the SEC on · accession 0001104659-26-125909

PROF filed a 8-K (current report) with the SEC on Nov 12, 2026. Profound Medical announced a CEO transition effective January 15, 2027, with President Richard R.

Summary of the filing

Profound Medical announced a CEO transition effective January 15, 2027, with President Richard R. Fabian becoming President and CEO while current CEO Arun Menawat moves to Executive Chairman. The company also appointed Matthew Sobczyk as permanent CFO and named Jason Mills to the Board following Cynthia Lavoie's resignation.

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Key details

Annual cash compensation for Arun Menawat as Executive Chairman$225K
Annual stock award grant date value for Arun Menawat as Executive Chairman$375K
RegistrantProfound Medical Corp.
Former employer of incoming ceo richard r. fabianFUJIFILM Sonosite, Inc.
Former employer of incoming ceo richard r. fabianPhilips Healthcare
Former employer of incoming ceo richard r. fabianSTERIS Corporation
Former employer of cfo matthew sobczykErnst & Young LLP
Former employer of cfo matthew sobczykMNP LLP
President and incoming chief executive officerRichard R. Fabian
Chief executive officer transitioning to executive chairmanArun Menawat
Chief financial officerMatthew Sobczyk
DirectorJason Mills
DirectorCynthia Lavoie

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Frequently asked questions

What did PROF file with the SEC on Nov 12, 2026?

PROF filed a 8-K (Ceo change). Profound Medical announced a CEO transition effective January 15, 2027, with President Richard R. Fabian becoming President and CEO while current CEO Arun Menawat moves to Executive Chairman. The company also appointed Matthew Sobczyk as permanent CFO and named Jason Mills to the Board following Cynthia Lavoie's resignation.

What does a ceo change mean for PROF stock?

Not always. A planned retirement with a successor is usually calm; a sudden departure “effective immediately”, especially of a CFO or near results, often worries investors.

How do I read a 8-K?

A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more. The "Item" number tells you the topic (e.g. 2.02 results, 5.02 executive change, 1.01 new agreement, 1.03 bankruptcy). Exhibits (99.1 press release) usually hold the details.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 8-K (current report): A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more.

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