secwatch.observer — SEC 8-K summary
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Issuer:     Surrozen, Inc./DE (SRZN)
CIK:        0001824893
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0000950170-23-033527
Event type: leadership
Sentiment:  negative
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824893/000095017023033527/0000950170-23-033527-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824893/000095017023033527/srzn-20230719.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-033527

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer