Quarterly report pursuant to Section 13 or 15(d)

Executive Retirement

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Executive Retirement
9 Months Ended
Sep. 30, 2018
Restructuring and Related Activities [Abstract]  
Executive Retirement
Executive Retirement
Effective February 28, 2018, Mr. Harry Quarls retired from his position as a director and Executive Chairman of the Company. In connection with his retirement, we entered into a separation and consulting agreement (“Separation Agreement”) whereby Mr. Quarls will provide transition and support services to us through December 31, 2018. We paid Mr. Quarls $0.3 million for such services and a mutually agreed-upon amount for any services in excess of a minimum level established in the Separation Agreement. The Separation Agreement included a general release of claims and provided for the accelerated vesting of certain share-based compensation awards for which we recognized expense of $0.6 million during the nine months ended September 30, 2018 (see Note 15). The costs associated with the Separation Agreement, including the share-based compensation charges, are included as a component of “G&A expenses” in our Condensed Consolidated Statements of Operation.