Surrozen CSO Wen-Chen Yeh departs in restructuring; receives $337K severance, moves to advisory board

Surrozen, Inc./DE

CSO Wen-Chen Yeh to step down on July 31, 2023, as part of a planned restructuring and reduction-in-force.
Dr. Yeh will transition to the Scientific Advisory Board; existing equity awards continue vesting during advisory service.
Separation agreement provides $337,365 lump-sum severance (9 months salary) and COBRA premiums paid until April 30, 2024.

item 5.02 item 9.01

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Departed

Wen-Chen Yeh

Chief Scientific Officer

SRZN · Surrozen, Inc./DE

Effective: 2023-07-31
Filed: July 19, 2023, 7:59 PM ET

On July 14, 2023, Surrozen, Inc. and Wen-Chen Yeh, M.D., Ph.D., our Chief Scientific Officer, agreed that in connection with our planned restructuring and reduction-in-force, Dr. Yeh will cease serving as our Chief Scientific Officer and join our Scientific Advisory Board effective as of July 31, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Wen-Chen Yeh resigned as Chief Scientific Officer at Surrozen, Inc./DE.

Action: resigned
Role: Chief Scientific Officer

Exact text from the filing

On July 14, 2023, Surrozen, Inc. and Wen-Chen Yeh, M.D., Ph.D., our Chief Scientific Officer, agreed that in connection with our planned restructuring and reduction-in-force, Dr. Yeh will cease serving as our Chief Scientific Officer and join our Scientific Advisory Board effective as of July 31, 2023.

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Surrozen, Inc./DE filing history →

Source: SEC EDGAR

accession 0000950170-23-033527

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