leadership
confidence high
sentiment neutral
materiality 0.50
Standard BioTools Adopts 2024 Change of Control and Severance Plan for Key Executives
STANDARD BIOTOOLS INC.
- Plan provides 12 months base salary and full equity vesting for non-COC termination for COO Kim, CLO Gallagher, CCO Davis, and others.
- For termination during Change of Control Period: 150% lump-sum of base salary plus bonus, 18-month COBRA, and immediate full equity vesting.
- Plan supersedes the 2023 severance plan and covers eight named executives including SVP King, SVP Abou-Sayed, and CHRO Jensen.
- Plan term runs until August 4, 2026; CEO Michael Egholm remains covered under separate 2023 plan.