leadership
confidence high
sentiment neutral
materiality 0.60
COO Cheryl Gault resigns; effective at close of asset sale to JW Celtics
Cyclerion Therapeutics, Inc.
- Cheryl Gault resigned as COO effective on closing of the proposed sale of certain assets to JW Celtics Investment Corp.
- Separation agreement provides six months of base salary and COBRA subsidies; stock option exercise period extended to 24 months.
- Chairman Errol De Souza thanked Gault for her service to operations and the sale transaction.