secwatch.observer — SEC 8-K summary
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Issuer:     Liquidia Corp (LQDA)
CIK:        0001819576
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001104659-24-061188
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liquidia amends executive severance plan with tiered benefits up to 24 months base salary plus incentive
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- Board approved amended Executive Severance Plan effective May 9, 2024; supersedes prior plans and employment agreements.
- Tier 1 participants receive up to 18 months base salary (non-CIC) or 24 months base salary plus target annual incentive (CIC).
- Tier 2-4 participants receive 6-12 months base salary depending on tier; CIC termination triggers full equity vesting for all participants.
- COBRA premium coverage provided for 6-24 months based on tier and event type.
- Plan defines four participation tiers; administration by Compensation Committee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819576/000110465924061188/0001104659-24-061188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819576/000110465924061188/tm2414331d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-061188

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