Tag: Gerry Blouch
Invacare's Blouch retires
July 25, 2014HME News Staff
ELYRIA, Ohio - Invacare President and CEO Gerry Blouch will be paid benefits at a rate equal to 50% of his current salary ($875,000) for periods up to 18 months following his retirement, according to a Securities and Exchange Commission (SEC) filing.Other terms of Blouch's retirement package include: a benefit of $18,888 per month for up to 18 months; an additional $875 per month for up to 18 months in lieu of welfare benefits he would have been entitled to had he remained an employee; and up to...
Invacare acknowledges 'difficult time'
April 26, 2013Liz Beaulieu, Editor
ELYRIA, Ohio - Invacare in April submitted two audits to the Food and Drug Administration (FDA) for approval, but it's an accomplishment that has been overshadowed by another poor earnings showing.
Invacare reported April 25 that net sales for the first quarter of 2013 decreased 4.9% to $337.6 million compared to the same period last year. In the North America/HME segment, where the company has been hardest hit by a consent decree that limits manufacturing at its Taylor Street manufacturing...