secwatch.observer — SEC 8-K summary
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Issuer:     Natera, Inc. (NTRA)
CIK:        0001604821
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001104659-23-048356
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Natera extends Executive Chairman Rabinowitz's term to Jan 2025, $400k salary
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- Rabinowitz to serve as Executive Chairman through Jan 31, 2025; base salary $400K per year.
- Eligible for annual cash bonus of 85% of salary in FY2023 and FY2024 based on performance goals.
- Annual equity awards at 80% of CEO's award value for FY2023 and FY2024, subject to board approval.
- Amendment removes single-trigger accelerated vesting in change of control, revises good reason definition.
- Severance terms vary based on mutual agreement to extend beyond Jan 2025; potential 100% equity acceleration if no agreement and no Chairman offer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604821/000110465923048356/0001104659-23-048356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604821/000110465923048356/tm2313396d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-048356

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