---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-196352"
form_type: "8-K"
ticker: "CDXS"
cik: "0001200375"
company_name: "CODEXIS, INC."
filed_at: "2022-07-18T23:59:59+00:00"
generated_at: "2026-06-24T13:07:34.236468+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Codexis appoints Dr. Stephen Dilly as CEO, succeeding John Nicols who retires

## Summary
- Dr. Stephen Dilly appointed President & CEO effective Aug 9, 2022; replaces John Nicols retiring Aug 8.
- Dilly gets $710k base salary, 75% target bonus, $200k sign-on bonus, 700k options, 340k PSUs.
- Nicols to serve as strategic advisor for 2 years: $40k/month (year 1), $20k/month (year 2); remains on board until 2023 annual meeting.
- Board reconstituted Audit Committee; Byron Dorgan appointed to fill Dilly's prior seat.

## SEC filing metadata
- accession: 0001193125-22-196352
- form_type: 8-K
- ticker: CDXS
- cik: 0001200375
- company_name: CODEXIS, INC.
- filed_at: 2022-07-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1200375/000119312522196352/0001193125-22-196352-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1200375/000119312522196352/d349675d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-196352
- JSON: https://secwatch.observer/filing/0001193125-22-196352.json
- Plain text: https://secwatch.observer/filing/0001193125-22-196352.txt

## Key facts
- Executive change
  Stephen Dilly was appointed as President and Chief Executive Officer at CODEXIS, INC..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On July 17, 2022, the Board of Directors (the “Board”) of Codexis, Inc. (the “Company” or “Codexis”) appointed Dr. Stephen Dilly, a current Codexis Board member, as the Company’s President and Chief Executive Officer, effective August 9, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1200375/000119312522196352/0001193125-22-196352-index.htm
- Executive change
  John Nicols retired as President and Chief Executive Officer at CODEXIS, INC..
  - Action: retired
  - Role: President and Chief Executive Officer
  source text: Dr. Dilly succeeds John Nicols, the Company’s current President and Chief Executive Officer, who notified the Board of his intention to retire from such roles effective August 8, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1200375/000119312522196352/0001193125-22-196352-index.htm

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