secwatch.observer — SEC 8-K summary
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Issuer:     Invivyd, Inc. (IVVD)
CIK:        0001832038
Form:       8-K/A
Filed at:   2022-03-21T23:59:59+00:00
Accession:  0001193125-22-079997
Event type: leadership
Sentiment:  negative
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adagio discloses additional compensation for Interim CEO Hering: $510K base, $7.5K monthly stipend
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- David Hering appointed Interim CEO on Feb 23, 2022 after Tillman Gerngross resigned as CEO and board member.
- Compensation approved Mar 18: base salary increased to $510,000 (eff. Feb 23) plus $7,500 monthly stipend during interim role.
- 2022 target bonus uses blended rate: 60% at assumed $600K salary for Interim CEO time, 40% at $410K for COO time.
- Tom Heyman reclassified from Class II to Class III director to rebalance board classes following Gerngross resignation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832038/000119312522079997/0001193125-22-079997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832038/000119312522079997/d285779d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-079997

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer