MLAB · Mesa Laboratories, Inc.

Summary

Mesa Laboratories, Inc. announced the departure of Gary Owens as President and Chief Executive Officer effective on or about April 13, 2026, following a Retention and Transition Agreement dated March 20, 2026, under which he will remain in a non-executive capacity until the Separation Date of June 22, 2026, and resigned from the Board effective March 20, 2026, with no disagreements. Owens is entitled to severance pay and benefits for a without cause termination, including $1,711,500 cash severance and pro-rated equity awards.

Key takeaways

• Gary Owens departing as President and CEO effective on or about April 13, 2026.
• Transition in non-executive capacity until Separation Date of June 22, 2026.
• Resigned from Board effective March 20, 2026, not due to any disagreement.
• Severance cash: $1,711,500 (1x $815,000 base salary + 1x $896,500 target bonus).
• Pro-rated FY’27 bonus minimum $203,861.64 (0.227397 factor).
• Accelerated vesting of RSUs (e.g., 8,450 on 6/18/2027) and PSUs (e.g., 11,559 on 10/27/2026 at lower of target or actual).