secwatch.observer — SEC 8-K summary
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Issuer:     CHIMERIX INC (—)
CIK:        0001117480
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001104659-23-075281
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chimerix CEO Michael Sherman to retire Aug 1; Michael Andriole named President & CEO, becomes Board Chair
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- Michael Sherman to retire as President and CEO as of Aug 1, 2023; will become Chair of Board.
- Michael Andriole, previously Chief Business Officer and CFO, promoted to President and CEO, effective same date.
- Andriole's compensation: $600k base salary, 150,000 share option (4yr vest), 25,000 RSUs (4yr vest), 55% target bonus.
- Martha Demski transitions from Board Chair to Lead Independent Director.
- Sherman and Demski each receive $35k annual retainer for their new board roles in addition to $40k board retainer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1117480/000110465923075281/0001104659-23-075281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1117480/000110465923075281/tm2319595d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-075281

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