Nautilus CFO resigns, will get bonus

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Michael Mulholland has resigned as chief financial officer for Nautilus Inc., the Vancouver-based maker of fitness equipment said Thursday.

Mulholland’s resignation was effective Jan. 20, the company said in a filing with the U.S. Securities and Exchange Commission.

Nautilus has agreed to pay bonus compensation to Mulholland “based upon achievement during his employment of performance targets previously established under the company’s incentive compensation plan,” the company said in its SEC filing.