Axogen CFO Peter Mariani departs; receives $473K severance, $25K/month consulting

Axogen, Inc.

CFO Peter Mariani separated effective Dec 22, 2023; lump sum severance $472,999.54 (12 months base) plus bonus equivalent $60,437.83.
Consulting agreement for 12 months at $25,000/month as independent contractor; unvested equity forfeited, 298,319 vested options extended.
Company pays COBRA premiums for 12 months; consulting period can be terminated for cause.
Performance-based RSUs to settle based on actual performance; D&O tail coverage provided.

item 5.02 item 9.01

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Departed

Peter Mariani

Chief Financial Officer

AXGN · Axogen, Inc.

Effective: 2023-12-22
Filed: January 5, 2024, 6:59 PM ET

Mr. Mariani’s severance benefits in connection with his departure include a severance amount equal to 12 months of his current base compensation and COBRA benefits for 12 months after he ceased to be an employee of the Company on December 22, 2023 (the “Separation Date”).

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Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Mariani departed as Chief Financial Officer at Axogen, Inc..

Action: departed
Role: Chief Financial Officer

Exact text from the filing

Mr. Mariani’s severance benefits in connection with his departure include a severance amount equal to 12 months of his current base compensation and COBRA benefits for 12 months after he ceased to be an employee of the Company on December 22, 2023 (the “Separation Date”).

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Axogen, Inc. filing history →

Source: SEC EDGAR

accession 0000805928-24-000011

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