---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-108345"
form_type: "8-K"
ticker: "PRAX"
cik: "0001689548"
company_name: "Praxis Precision Medicines, Inc."
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T14:37:54.112581+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Praxis Precision amends exec severance; CEO multiplier 1.75x, CFO/GC 1x

## Summary
- CEO Marcio Souza gets 1.75x base salary plus target bonus, plus prorated bonus, on change-in-control qualifying termination.
- CFO Timothy Kelly and GC Alex Nemiroff get 1.0x base salary plus target bonus, plus prorated bonus, on change-in-control termination.
- Outside change-in-control, CEO gets 12 months base salary continuation; CFO and GC get 9 months.
- Amendments add unpaid prior year bonus and pro-rata annual bonus for executives on qualifying termination.
- Accelerated vesting of time-based equity awards upon change-in-control termination; performance awards per existing plan.

## SEC filing metadata
- accession: 0001104659-24-108345
- form_type: 8-K
- ticker: PRAX
- cik: 0001689548
- company_name: Praxis Precision Medicines, Inc.
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1689548/000110465924108345/0001104659-24-108345-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1689548/000110465924108345/tm2426107d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-108345
- JSON: https://secwatch.observer/filing/0001104659-24-108345.json
- Plain text: https://secwatch.observer/filing/0001104659-24-108345.txt

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