secwatch.observer — SEC 8-K summary
======================================

Issuer:     CERUS CORP (CERS)
CIK:        0001020214
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0001020214-26-000007
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cerus adopts severance plan for top officers; CFO, COO, CMO, CLO covered
------------------------------------------------------------------------

- Severance plan provides 1.5x-2x salary and bonus multiples, COBRA coverage, and full equity acceleration on change-in-control termination.
- Participants: CFO Kevin Green, COO Vivek Jayaraman, CMO Richard Benjamin, CLO Chrystal Jensen.
- Non-change-in-control severance for Green, Jensen, and Jayaraman (as COO) includes 12 months base salary and COBRA; Jayaraman as CEO gets enhanced benefits.
- Plan supersedes all prior severance arrangements for these officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1020214/000102021426000007/0001020214-26-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1020214/000102021426000007/cers-20260417.htm
  HTML page:      https://secwatch.observer/filing/0001020214-26-000007

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