---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-107736"
form_type: "8-K"
ticker: null
cik: "0001429560"
company_name: "TREVENA INC"
filed_at: "2024-10-10T23:59:59+00:00"
generated_at: "2026-05-30T16:31:21.768018+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Trevena terminates CEO, COO/CFO, and CMO without cause; all continue in acting roles

## Summary
- CEO Carrie Bourdow, COO/CFO Barry Shin, and CMO Mark Demitrack terminated Oct 5, 2024 as cost-cutting measure.
- Bourdow remains Chairman and Acting CEO; Shin as Acting COO/CFO; Demitrack as Acting CMO.
- Bourdow severance: $877,500 salary, $526,500 bonus, $321,078.69 pro rata bonus, plus health payment.
- Equity vesting accelerated for 12 months of shares; additional benefits if change of control occurs.
- Shin and Demitrack signed consulting agreements for continued advisory at prior compensation rates.

## SEC filing metadata
- accession: 0001104659-24-107736
- form_type: 8-K
- cik: 0001429560
- company_name: TREVENA INC
- filed_at: 2024-10-10T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1429560/000110465924107736/0001104659-24-107736-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1429560/000110465924107736/tm2425984d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-107736
- JSON: https://secwatch.observer/filing/0001104659-24-107736.json
- Plain text: https://secwatch.observer/filing/0001104659-24-107736.txt

## Key facts
- Executive change
  Barry Shin was terminated as Executive Vice President, Chief Operating Officer and Chief Financial Officer at TREVENA INC.
  - Action: terminated
  - Role: Executive Vice President, Chief Operating Officer and Chief Financial Officer
  source text: approved the termination of employment, without cause, of Carrie L. Bourdow, the Company’s President and Chief Executive Officer; Barry Shin, the Company’s Executive Vice President, Chief Operating Officer and Chief Financial Officer; and Mark A. Demitrack, MD, the Company’s Senior Vice President and Chief Medical Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1429560/000110465924107736/0001104659-24-107736-index.htm
- Executive change
  Carrie L. Bourdow was terminated as President and Chief Executive Officer at TREVENA INC.
  - Action: terminated
  - Role: President and Chief Executive Officer
  source text: approved the termination of employment, without cause, of Carrie L. Bourdow, the Company’s President and Chief Executive Officer; Barry Shin, the Company’s Executive Vice President, Chief Operating Officer and Chief Financial Officer; and Mark A. Demitrack, MD, the Company’s Senior Vice President and Chief Medical Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1429560/000110465924107736/0001104659-24-107736-index.htm
- Executive change
  Mark A. Demitrack was terminated as Senior Vice President and Chief Medical Officer at TREVENA INC.
  - Action: terminated
  - Role: Senior Vice President and Chief Medical Officer
  source text: approved the termination of employment, without cause, of Carrie L. Bourdow, the Company’s President and Chief Executive Officer; Barry Shin, the Company’s Executive Vice President, Chief Operating Officer and Chief Financial Officer; and Mark A. Demitrack, MD, the Company’s Senior Vice President and Chief Medical Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1429560/000110465924107736/0001104659-24-107736-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.