other material
confidence medium
sentiment neutral
materiality 0.20
SELLAS Life Sciences amends severance agreements for two officers to 15 months base salary upon change of control
SELLAS Life Sciences Group, Inc.
- Board approved amendments to change-in-control severance agreements for SVP/Chief Development Officer Dragan Cicic and SVP/CFO John Burns.
- Amendments provide for severance of 15 months of then-current base salary upon termination in connection with a change of control.
- Original agreements were dated December 14, 2021; other provisions remain unchanged.
- Full text of amendments to be filed in next periodic report.