Director Ward W. Woods retires from Alphatec (NASDAQ: ATEC) Board with RSU vesting
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Alphatec Holdings, Inc. announced that longtime director Ward W. Woods chose to retire from its Board of Directors, effective February 27, 2026, for personal reasons. The company states his departure is not due to any disagreement regarding its operations, policies, or practices.
Mr. Woods, who also served on the Board’s Compensation Committee, entered into a Vesting Acceleration Agreement with Alphatec. Under this agreement, any restricted stock units granted to him on June 11, 2025 that remain unvested on his departure date will become fully vested. Following his resignation, the Board reduced its size from eight to seven directors to match the new composition.
Positive
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8-K Event Classification
3 items: 5.02, 8.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
Why did Ward W. Woods retire from Alphatec Holdings (ATEC)’s Board?
Ward W. Woods retired from Alphatec Holdings’ Board for personal reasons, effective February 27, 2026. The company explicitly notes that his decision was not related to any disagreement over Alphatec’s operations, policies, or practices, indicating an amicable and non-controversial departure.
When is Ward W. Woods’s resignation from Alphatec Holdings (ATEC) effective?
Ward W. Woods’s resignation from Alphatec Holdings’ Board is effective February 27, 2026. He notified the company of his decision on February 25, 2026, providing a short transition period before his retirement from the Board and its Compensation Committee became effective.
What is included in the Vesting Acceleration Agreement for Ward W. Woods at Alphatec (ATEC)?
The Vesting Acceleration Agreement provides that any restricted stock units granted to Ward W. Woods on June 11, 2025, which remain unvested as of his February 27, 2026 departure date, will fully vest on that date. The complete agreement is filed as Exhibit 10.1.
How did Ward W. Woods’s departure affect Alphatec Holdings (ATEC)’s Board size?
Following Ward W. Woods’s resignation, Alphatec’s Board set the number of directors at seven. This change, made on February 26, 2026, reflects the reduction from eight to seven directors so that the authorized Board size matches the current number of serving directors.
Did Ward W. Woods disagree with Alphatec Holdings (ATEC) before his resignation?
Alphatec states that Ward W. Woods’s decision to retire was for personal reasons and not due to any disagreement. The company specifically notes there were no issues related to its operations, policies, or practices that led to his departure from the Board.
What Board committee role did Ward W. Woods hold at Alphatec Holdings (ATEC)?
In addition to serving on Alphatec Holdings’ Board, Ward W. Woods was a member of the Compensation Committee. His retirement therefore impacts both the full Board and this key committee, though the company’s filing does not detail any immediate replacement or committee reassignments.