secwatch.observer — SEC 8-K summary
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Issuer:     TREVENA INC (—)
CIK:        0001429560
Form:       8-K
Filed at:   2024-10-10T23:59:59+00:00
Accession:  0001104659-24-107736
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1429560/000110465924107736/0001104659-24-107736-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1429560/000110465924107736/tm2425984d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-107736

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