---
schema_version: "secwatch.filing_event.v1"
accession: "0000730464-24-000004"
form_type: "8-K/A"
ticker: "CVSA"
cik: "0000730464"
company_name: "Covista Inc."
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:41:51.660109+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Adtalem finalizes separation agreement with ex-President Danaher; details severance terms

## Summary
- Severance of $1,014,390 (1x salary + 70% MIP target) payable in 12 monthly installments.
- FY23 MIP award set to 0% by CEO; no FY23 payout and no pro-rated FY24 MIP.
- Unvested LTI awards (RSUs, PSUs, options) will continue to vest per award agreements.
- One-time lump sum of $14,513 for COBRA subsidy for dependents; counsel fees of $62,000 paid.
- Standard noncompete, nonsolicitation, confidentiality covenants apply.

## SEC filing metadata
- accession: 0000730464-24-000004
- form_type: 8-K/A
- ticker: CVSA
- cik: 0000730464
- company_name: Covista Inc.
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/730464/000073046424000004/0000730464-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730464/000073046424000004/atge-20230906x8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000730464-24-000004
- JSON: https://secwatch.observer/filing/0000730464-24-000004.json
- Plain text: https://secwatch.observer/filing/0000730464-24-000004.txt

## Key facts
- Executive change
  Dr. John Danaher departed as President, Medical & Veterinary at Covista Inc..
  - Action: left
  - Role: President, Medical & Veterinary
  source text: reporting that Dr. John Danaher President, Medical & Veterinary was leaving Adtalem effective September 15, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/730464/000073046424000004/0000730464-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.