---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-024446"
form_type: "8-K"
ticker: "CLRB"
cik: "0001279704"
company_name: "Cellectar Biosciences, Inc."
filed_at: "2025-03-17T23:59:59+00:00"
generated_at: "2026-05-24T15:16:25.398529+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Cellectar amends CEO/COO severance, reduces stockholder quorum to one-third

## Summary
- Board on March 12, 2025 approved enhanced severance for CEO and COO upon qualifying termination after a change in control.
- CEO James V. Caruso gets 24 months base salary, target bonus, and benefit continuation.
- COO Jarrod Longcor gets 18 months base salary and benefit continuation.
- On March 11, 2025, Board adopted amended Bylaws reducing stockholder quorum from a majority to one-third of shares.
- Bylaws also revise procedural requirements for stockholder nominations and other business, and align with Delaware law.

## SEC filing metadata
- accession: 0001104659-25-024446
- form_type: 8-K
- ticker: CLRB
- cik: 0001279704
- company_name: Cellectar Biosciences, Inc.
- filed_at: 2025-03-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1279704/000110465925024446/0001104659-25-024446-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1279704/000110465925024446/tm259506d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-024446
- JSON: https://secwatch.observer/filing/0001104659-25-024446.json
- Plain text: https://secwatch.observer/filing/0001104659-25-024446.txt

## Key facts
- Governance Changes
  Cellectar Biosciences, Inc.: Amended and restated by-laws to align with Delaware law, revise director nomination procedures, and change quorum requirement from majority to one-third of shares (effective 2025-03-11).
  - Change: bylaw amendment
  - Effective: 2025-03-11
  source text: On March 11, 2025, the Board adopted the Amended and Restated By-Laws of the Company (the " By-Laws "), effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1279704/000110465925024446/0001104659-25-024446-index.htm

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