Arcadia CMO resigns effective March 1; CEO/CFO get retention bonuses of $87.5K/$65K

Arcadia Biosciences, Inc.

Laura Pitlik resigned as CMO effective March 1, 2024; receives $62,500 severance.
Board grants retention bonuses: CEO Stanley Jacot $87,500, CFO Thomas Schaefer $65,000.
Bonuses vest at earlier of change in control or Dec 31, 2024, conditional on continued employment.
Separation agreement includes release of claims and confidentiality provisions.

item 5.02 item 9.01

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Departed

Laura Pitlik

chief marketing officer

RKDA · Arcadia Biosciences, Inc.

Effective: 2024-03-01
Filed: February 14, 2024, 6:59 PM ET

On February 9, 2024, Laura Pitlik provided notice to Arcadia Biosciences, Inc. (“Arcadia”) of her resignation as Arcadia’s chief marketing officer, effective as of March 1, 2023 (the “Separation Date”).

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Executive change SEC 8-K Item 5.02 confidence 0.9

Laura Pitlik resigned as chief marketing officer at Arcadia Biosciences, Inc..

Action: resigned
Role: chief marketing officer

Exact text from the filing

On February 9, 2024, Laura Pitlik provided notice to Arcadia Biosciences, Inc. (“Arcadia”) of her resignation as Arcadia’s chief marketing officer, effective as of March 1, 2023 (the “Separation Date”).

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Arcadia Biosciences, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-015228

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