leadership
confidence high
sentiment negative
materiality 0.75
Trevena director resigns, VP Finance terminated; consulting agreement references potential sale or wind down
TREVENA INC
- Director Scott Braunstein resigned Jan 31; board reduced to two members (Carrie Bourdow, Barbara Yanni).
- VP Finance Katrine Sutton terminated without cause Jan 31; continues as principal financial/accounting officer.
- Consulting agreement with Sutton at $250/hr through June 30, 2025; aggregate spending capped at $25,000.
- Exhibit A states consulting services support 'successful sale or wind down of the Company'.