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TMCNet:  ABAXIS INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

[August 21, 2014]

ABAXIS INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Vladimir E. Ostoich, Ph.D., the Vice President of Government Affairs, Vice President of Marketing for the Pacific Rim and Co-Founder of Abaxis, Inc. (the "Company"), has notified the Company that he is retiring in such capacity effective September 30, 2014, and Dr. Ostoich's functions will be taken over by Achim Henkel, Managing Director of Abaxis Europe GmbH. In connection with Dr.


Ostoich's retirement, the Company entered into a Transition/Separation Agreement with Dr. Ostoich, dated August 15, 2014. Pursuant to this agreement, Dr.

Ostoich will remain with the Company as a part-time employee until May 15, 2015. A copy of the Transition/Separation Agreement is filed as Exhibit 10.1 hereto and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit No. Description 10.1 Transition/Separation Agreement between Abaxis, Inc.

and Vladimir E. Ostoich, Ph.D., dated August 15, 2014.

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