Petiq, Inc. Announces Termination of R. Michael Herrman, as Executive Vice President and Corporate Secretary
August 04, 2023 at 01:45 am IST
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PetIQ, Inc. terminated R. Michael Herrman, the Company?s Executive Vice President, General Counsel and Corporate Secretary, Without Cause (as defined in the Employment and Non-Competition Agreement, dated May 9, 2019, between PetIQ, LLC and Mr. Herrman (the ?Employment Agreement?)). Mr. Herrman will receive payments pursuant to the Employment Agreement, subject to the terms and conditions of the Employment Agreement, including, without limitation, his signing of an effective general release and waiver of claims (the ?Release?) and compliance with the terms of the Release and his restrictive covenant obligations owed to the Company.
PetIQ, Inc. is a pet medication and wellness company, which provides veterinary products and services. The Company operates through two segments: Products and Services. Products segment manufactures and distributes pet medication and health and wellness products to major United States retail and e-commerce channels through more than 60,000 points of distribution. It is focused its offerings on value-branded products, and third-party branded products for dogs and cats, including pet Rx medications, OTC medications, and wellness products. Services segment provides a comprehensive suite of services at approximately 2,600 community clinic locations and wellness centers hosted at retailers across 39 states. The segmentâs services include diagnostic tests, vaccinations, prescription medications, microchipping, grooming and hygiene and wellness checks. The Rx pet medications products include flea and tick control, heartworm preventatives, arthritis, thyroid, and other specialty medications.
PETIQ, INC. 
