secwatch.observer — SEC 8-K summary
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Issuer:     Verastem, Inc. (VSTM)
CIK:        0001526119
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001104659-23-112203
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526119/000110465923112203/0001104659-23-112203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526119/000110465923112203/tm2329255d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-112203

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