other material
confidence high
sentiment neutral
materiality 0.35
Opus Genetics enters change-in-control bonus agreements with four top executives
Opus Genetics, Inc.
- Agreements cover CEO Dr. George Magrath, CFO Robert Gagnon, COO Joseph Schachle, CS&DO Dr. Ashwath Jayagopal.
- Each agreement provides a gross-up payment for any excise tax under Section 4999 of the Code triggered by change of control.
- Agreements were entered into on April 1, 2026; form filed as Exhibit 10.1.
- Gross-up is designed to put executives in the same after-tax position as if the excise tax had not applied.