leadership
confidence high
sentiment neutral
materiality 0.55
Armata Pharma CMO Mina Pastagia departs; separation agreement provides 12-month salary continuation
Armata Pharmaceuticals, Inc.
- Dr. Mina Pastagia terminated as Chief Medical Officer effective Nov 13, 2024; separation agreement executed Dec 2, 2024.
- Agreement provides 12 months of base salary continuation, paid in equal installments starting ~60 days post-termination.
- All unvested stock options and restricted stock units forfeited; vested options must be exercised within 90 days of separation.
- Pastagia releases all claims against the company in exchange for the severance benefits.