other material
confidence high
sentiment neutral
materiality 0.30
Corbus enters amended employment agreements with CEO and CFO; base salaries $622,804 and $463,455
Corbus Pharmaceuticals Holdings, Inc.
- CEO Yuval Cohen's 2-year agreement: base salary $622,804, bonus target up to 60% of base.
- CFO Sean Moran's 2-year agreement: base salary $463,455, bonus target up to 40% of base.
- Change-in-control severance: CEO 24 months salary, CFO 18 months; plus accelerated equity vesting.
- Non-compete (6 months) and non-solicitation (12 months) apply, conditional on severance.
- Agreements expire April 10, 2026.