Leadership & Pay ·
Picard appoints Richard Fang as permanent CEO; $1.2M related-party loans due
PMIPicard Medical, Inc.
The Board appointed Dr. Richard Fang as Chief Executive Officer on October 28, 2026, ending his interim tenure while retaining him as Chairman. His annual salary remains $0.4 million with no new compensation arrangements. The filing also discloses $1.2 million in related-party loans from entities affiliated with Dr. Fang: a $0.7 million note due February 28, 2027, and $0.5 million in loans that have become immediately payable as the company failed to secure external funding within two months of issuance. Picard Medical develops medical devices for minimally invasive surgery.