secwatch.observer — SEC 8-K summary
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Issuer:     CERUS CORP (CERS)
CIK:        0001020214
Form:       8-K
Filed at:   2026-07-10T20:35:47+00:00
Accession:  0001020214-26-000015
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cerus CEO Greenman transitions to Executive Chairman; salary $500K, role through May 2027
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- Effective July 1, 2026, William Greenman becomes Executive Chairman, reporting to Board and CEO.
- Annual base salary $500,000; target bonus 80% for 2026, no bonus for 2027.
- Role is temporary until May 31, 2027, with ~60% time commitment.
- COBRA premium reimbursement if eligible; prior CEO role ended.
- Severance eligibility based on new role and compensation per amended agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1020214/000102021426000015/0001020214-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1020214/000102021426000015/cers-20260706.htm
  HTML page:      https://secwatch.observer/filing/0001020214-26-000015

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