Quantum-Si COO Patrick Schneider departs; separation agreement provides $356,250 and partial option vesting

Quantum-Si Inc

Employment terminated August 31, 2023; separation pay of $356,250 lump sum.
291,666 stock options vest; remaining 2,408,334 unvested options forfeited.
Company to pay COBRA health premiums through May 31, 2024, or until new coverage.
Separation includes standard release, non-disparagement, and cooperation clauses.

item 5.02 item 9.01

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Departed

Patrick Schneider

President and Chief Operating Officer

QSI · Quantum-Si Inc

Effective: 2023-08-31
Filed: September 5, 2023, 7:59 PM ET

Pursuant to the Separation Agreement, Dr. Schneider’s employment with the Company terminated on August 31, 2023 (the “Separation Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick Schneider was terminated as President and Chief Operating Officer at Quantum-Si Inc.

Action: terminated
Role: President and Chief Operating Officer

Exact text from the filing

Pursuant to the Separation Agreement, Dr. Schneider’s employment with the Company terminated on August 31, 2023 (the “Separation Date”).

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Quantum-Si Inc filing history →

Source: SEC EDGAR

accession 0001140361-23-042737

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