Azenta (AZTA) hires Erik J. Bello as vice president and chief accounting officer
Rhea-AI Filing Summary
Azenta, Inc. appointed Erik J. Bello, age 51, as Vice President, Chief Accounting Officer, expected to start on August 31, 2026. He will serve as the company’s principal accounting officer, while Lawrence Lin will continue as Executive Vice President and Chief Financial Officer and as principal financial officer.
Bello’s background includes senior accounting roles at Onto Innovation Inc., UniFirst Corporation, and other organizations, and he is a certified public accountant. Under a July 30, 2026 offer letter, he will receive a $380,000 annual base salary, a one-time $80,000 sign-on bonus subject to repayment if he resigns within one year, and eligibility for an annual incentive equal to 50% of base salary. He will receive long-term incentive awards valued at $150,000 for the current fiscal year in time-based RSUs and $300,000 for the following fiscal year, split between time-based RSUs and performance share units.
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8-K Event Classification
2 items: 5.02, 9.01
2 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 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Annual base salary: $380,000
Sign-on bonus: $80,000
Incentive target: 50% of annual base salary
+3 more
6 metrics
Annual base salary
$380,000
Base salary for Erik J. Bello as Vice President, Chief Accounting Officer
Sign-on bonus
$80,000
One-time bonus, net amount subject to repayment if he resigns within one year
Incentive target
50% of annual base salary
Target annual opportunity under the Incentive Compensation Plan
Current year LTIP award
$150,000
Grant date value in time-based restricted stock units for current fiscal year
Next year LTIP award
$300,000
Grant date value for following fiscal year, 75% RSUs and 25% performance share units
Effective date
August 31, 2026
Expected commencement of Erik J. Bello’s employment and principal accounting officer role
Key Terms
principal accounting officer, Incentive Compensation Plan, time-based restricted stock units, performance share units, +1 more
5 terms
principal accounting officer financial
"He will serve as the company’s principal accounting officer as of the Effective Date"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
Incentive Compensation Plan financial
"eligible to participate in the Company’s Incentive Compensation Plan with an annual target opportunity"
An incentive compensation plan is a formal program that rewards employees and executives with bonuses, stock, or other payments tied to specific performance goals—such as revenue, profit, productivity, or long‑term share price. Investors watch these plans because they shape how leaders make decisions and take risks; like paying a coach by wins rather than effort, well‑designed plans can drive sustainable growth while poor designs can encourage short‑term behaviors that harm shareholder value.
time-based restricted stock units financial
"awards under the Company’s Long Term Incentive Plan in the form of time-based restricted stock units"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
Long Term Incentive Plan financial
"will also receive awards under the Company’s Long Term Incentive Plan with an aggregate grant date value"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
FAQ
What executive change did Azenta (AZTA) disclose on August 6, 2026?
Azenta’s board appointed Erik J. Bello as Vice President, Chief Accounting Officer, effective upon his expected start on August 31, 2026, at which time he will become the company’s principal accounting officer.
What is Erik J. Bello’s compensation package at Azenta (AZTA)?
Erik Bello will receive an annual base salary of $380,000, a one-time $80,000 sign-on bonus (subject to repayment if he resigns within one year), and an annual incentive target equal to 50% of his base salary.
What long-term equity awards will Erik J. Bello receive from Azenta (AZTA)?
Bello will receive long-term incentive awards with grant date values of $150,000 for the current fiscal year in time-based RSUs and $300,000 for the following fiscal year, 75% in time-based RSUs and 25% in performance share units.
Will Lawrence Lin’s role change at Azenta (AZTA) after this appointment?
Lawrence Lin will cease serving as principal accounting officer as of Bello’s effective date, but will continue as Executive Vice President and Chief Financial Officer and as Azenta’s principal financial officer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
