---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-029848"
form_type: "8-K"
ticker: "IRD"
cik: "0001228627"
company_name: "Opus Genetics, Inc."
filed_at: "2023-06-14T23:59:59+00:00"
generated_at: "2026-06-14T00:55:32.074465+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ocuphire Pharma enters separation agreement with former CEO Sooch; $1.18M in lump sums

## Summary
- $678,756 lump sum (base salary + pro rata bonus) plus $500,000 second lump sum after 6 months.
- Stock options vest through April 19, 2024; exercisable until later of original expiration or April 19, 2026.
- Restricted stock units vest as if employed through April 19, 2024.
- Health insurance premiums paid for 12 months post-separation, subject to no other coverage.
- Agreement includes non-competition, non-solicitation, mutual release and non-disparagement.

## SEC filing metadata
- accession: 0001140361-23-029848
- form_type: 8-K
- ticker: IRD
- cik: 0001228627
- company_name: Opus Genetics, Inc.
- filed_at: 2023-06-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1228627/000114036123029848/0001140361-23-029848-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1228627/000114036123029848/brhc20054327_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-029848
- JSON: https://secwatch.observer/filing/0001140361-23-029848.json
- Plain text: https://secwatch.observer/filing/0001140361-23-029848.txt

## Key facts
- Executive change
  Sooch departed as Chief Executive Officer at Opus Genetics, Inc..
  - Action: terminated without cause
  - Role: Chief Executive Officer
  source text: Pursuant to the Separation and Release Agreement, Ms. Sooch will receive certain benefits in connection with Ms. Sooch being terminated without cause on April 19, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1228627/000114036123029848/0001140361-23-029848-index.htm

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