S&W Seed formalizes separation agreement with retiring CEO Mark Wong; outlines $331K in bonus and equity acceleration

S&W Seed Co

Separation agreement with Mark Wong, retired as President and CEO, includes FY2023 cash bonus of $118,125.
Stock option bonus with target cash value of $150,000 and RSU bonus with cash value of $63,000.
All outstanding RSUs and a stock option to purchase 100,787 shares become fully vested.
COBRA payments for up to 6 months; remaining options vest normally with acceleration if board service ends.

item 5.02

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Departed

Mark W. Wong

President and Chief Executive Officer

S&W Seed Co

Filed: August 22, 2023, 7:59 PM ET

On August 18, 2023, S&W Seed Company (“S&W”) entered into a separation agreement with Mark W. Wong in connection with his previously-announced retirement as President and Chief Executive Officer of S&W.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Mark W. Wong retired as President and Chief Executive Officer at S&W Seed Co.

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

On August 18, 2023, S&W Seed Company (“S&W”) entered into a separation agreement with Mark W. Wong in connection with his previously-announced retirement as President and Chief Executive Officer of S&W.

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Source: SEC EDGAR

accession 0000950170-23-043782

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