secwatch.observer — SEC 8-K summary
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Issuer:     CODEXIS, INC. (CDXS)
CIK:        0001200375
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0001193125-22-256714
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Codexis appoints Kevin Norrett as COO and Rahul Singhvi to board
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- Kevin Norrett named COO effective Oct 3, 2022; base salary $450k, 50% target bonus.
- Norrett receives option grant worth ~$1.33M and performance stock units worth ~$667k.
- Severance: 12 months base salary (non-CIC) or 18 months plus equity acceleration (CIC).
- Rahul Singhvi appointed to board as Class I director; initial term expires at 2023 annual meeting.
- Singhvi gets annual cash retainer of $50k and 31,347 shares of restricted stock (3-year vest).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1200375/000119312522256714/0001193125-22-256714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1200375/000119312522256714/d235579d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-256714

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