CEO Stephen R. Rizzone retires; separation includes $3.46M in cash payments

Energous Corp

Stephen R. Rizzone retired as President, CEO, and director effective July 9, 2021, following a medical leave.
Separation agreement provides $1.46M in compensation-based payments, a $2M lump sum, and a pro-rated bonus.
Office of the CEO (Brian Sereda, Cesar Johnston, Neeraj Sahejpal) will continue to manage the company.
Board has initiated a search for a new CEO, considering both internal and external candidates.
Rizzone will assist in a transitional capacity through August 31, 2021.

item 5.02 item 9.01

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Departed

Stephen R. Rizzone

President and Chief Executive Officer

WATT · Energous Corp

Effective: 2021-07-09
Filed: July 12, 2021, 7:59 PM ET

On July 9, 2021, Energous Corporation (the “Company”) announced that Stephen R. Rizzone has retired from his position as the Company’s President and Chief Executive Officer and as a member of the Board of Directors of the Company (the “Board”).

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Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen R. Rizzone retired as President and Chief Executive Officer at Energous Corp.

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

On July 9, 2021, Energous Corporation (the “Company”) announced that Stephen R. Rizzone has retired from his position as the Company’s President and Chief Executive Officer and as a member of the Board of Directors of the Company (the “Board”).

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Energous Corp filing history →

Source: SEC EDGAR

accession 0001193125-21-213057

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