Quarterly report pursuant to Section 13 or 15(d)

Severance and Restructuring Costs

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Severance and Restructuring Costs
9 Months Ended
Oct. 31, 2022
Restructuring and Related Activities [Abstract]  
Severance and Restructuring Costs
7.
Severance and Restructuring Costs

On August 3, 2022, Michael Prinn resigned (the “Resignation”) as the Executive Vice President, Chief Financial Officer and Treasurer of the Company. Mr. Prinn remained with the Company until September 30, 2022, to assist with the transition pursuant to the Employee Transition Separation Agreement and General Release signed on August 24, 2022 (the “Release Agreement). Total severance costs incurred during the three and nine months ended October 31, 2022 related to the Resignation was $0.4 million, primarily consisting of a salary continuation and bonus for remaining with the Company during August and September. Remaining cash payments under this Release Agreement total $0.3 million as of October 31, 2022. In addition, the Company is providing COBRA benefits for Mr. Prinn until the sooner of (a) December 31, 2022 or (b) when he becomes eligible for benefits at a new employer, and the Release Agreement includes accelerated vesting of the remaining final tranche of 4,762 restricted stock units ("RSUs") from his RSU grant dated May 26, 2020.

Following the Resignation, on August 3, 2022, the Board appointed Kathleen Mosher as Senior Vice President, Chief Financial Officer and Treasurer of the Company.

During the three and nine months ended October 31, 2022, the Company incurred severance costs of $0.4 million and $0.6 million, respectively, primarily for employee-related termination benefits.