secwatch.observer — SEC 8-K summary
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Issuer:     Eledon Pharmaceuticals, Inc. (ELDN)
CIK:        0001404281
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0000950170-24-138782
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eledon amends CEO Performance Bonus; increases max payout to $15M at $1.5B market cap
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- CEO David-Alexandre Gros' employment agreement amended to modify Performance Bonus market value cap.
- Bonus threshold of $6M at $600M market cap remains unchanged.
- Maximum bonus increased to $15M at $1.5B market cap using linear interpolation.
- Agreement entered Dec 16, 2024; filed Dec 20, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1404281/000095017024138782/0000950170-24-138782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1404281/000095017024138782/eldn-20241216.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-138782

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