secwatch.observer — SEC 8-K summary
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Issuer:     LIFECORE BIOMEDICAL, INC. DE (LFCR)
CIK:        0001005286
Form:       8-K
Filed at:   2021-10-15T23:59:59+00:00
Accession:  0001005286-21-000061
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005286/000100528621000061/0001005286-21-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005286/000100528621000061/lndc-20211011.htm
  HTML page:      https://secwatch.observer/filing/0001005286-21-000061

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