Landec VP/SVP Supply Chain Timothy Burgess separates Oct 11; gets $258k salary continuation + 17,500 RSU vest

LIFECORE BIOMEDICAL, INC. DE

Timothy Burgess, VP of Landec and SVP Supply Chain at Curation Foods, separated effective Oct 11, 2021.
He receives $258,633.18 in salary continuation over 39 weeks, plus full accelerated vesting of 17,500 RSUs from a July 2019 grant.
Burgess entered a Separation Agreement including a general release of claims, non-disparagement, and continued restrictive covenants.
Severance conditioned on no revocation by Oct 20; COBRA paid for 6 months through April 2022.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Timothy P. Burgess

Vice President of the Company and Senior Vice President of Supply Chain

LFCR · LIFECORE BIOMEDICAL, INC. DE

Effective: 2021-10-11
Filed: October 15, 2021, 7:59 PM ET

On October 11, 2021, Landec Corporation (the “Company”), Curation Foods, Inc. (“Curation Foods”), a wholly owned subsidiary of the Company, and Timothy P. Burgess, Vice President of the Company and Senior Vice President of Supply Chain with Curation Foods, agreed to separate his employment, effective October 11, 2021

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Timothy P. Burgess departed as Vice President of the Company and Senior Vice President of Supply Chain at LIFECORE BIOMEDICAL, INC. DE.

Action: separated
Role: Vice President of the Company and Senior Vice President of Supply Chain

Exact text from the filing

On October 11, 2021, Landec Corporation (the “Company”), Curation Foods, Inc. (“Curation Foods”), a wholly owned subsidiary of the Company, and Timothy P. Burgess, Vice President of the Company and Senior Vice President of Supply Chain with Curation Foods, agreed to separate his employment, effective October 11, 2021

View on SEC.gov

LIFECORE BIOMEDICAL, INC. DE filing history →

Source: SEC EDGAR

accession 0001005286-21-000061

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.