other material
confidence high
sentiment neutral
materiality 0.40
Myomo amends CFO Henry's salary to $260K; CMO Kovelman gets new severance terms
MYOMO, INC.
- CFO David Henry: base salary raised from $221,500 to $260,000; annual incentive cap reduced from 75% to 55% of base.
- CFO Henry: full acceleration of time-based and performance-based stock awards upon change in control with measurement date accelerated.
- CMO Harry Kovelman: severance of 50% salary plus pro-rata bonus upon termination without cause, plus 6-month COBRA and 6-month vesting acceleration.
- Kovelman: termination within 12 months after change in control triggers 9-month payout and immediate full vesting of all stock awards.
- Both amendments effective February 21, 2024; Kovelman's agreement restates prior change-in-control and severance agreement.