Verastem appoints Daniel Calkins as permanent CFO; $300K salary + 25K stock option

Verastem, Inc.

Daniel Calkins appointed CFO effective Oct 24, 2023, after serving as interim since Oct 31, 2022.
Base salary $300,000, annual bonus target 35% of base, pro-rated for 2023.
Grant of 25,000 stock options at $6.89/share, vesting over 4 years with 1-year cliff.
Severance: 9 months salary (12 months upon Change of Control) plus COBRA subsidies.
Employment agreement replaces prior interim arrangement; standard non-compete/confidentiality obligations.

item 5.02 item 9.01

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Appointed

Daniel Calkins

Chief Financial Officer

VSTM · Verastem, Inc.

Effective: 2023-10-24
Filed: October 27, 2023, 7:59 PM ET

On October 24, 2023, the board of directors (the “Board”) of Verastem, Inc. (the “Company”) appointed Daniel Calkins as Chief Financial Officer of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Calkins was appointed as Chief Financial Officer at Verastem, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On October 24, 2023, the board of directors (the “Board”) of Verastem, Inc. (the “Company”) appointed Daniel Calkins as Chief Financial Officer of the Company.

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Verastem, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-112203

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