secwatch.observer — SEC 8-K summary
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Issuer:     Savara Inc (SVRA)
CIK:        0001160308
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001193125-23-037363
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Savara appoints Robert Lutz as COO with $437K salary, $115K signing bonus
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- Robert Lutz, former CFO/COO of iBio and Strongbridge, joins Savara as COO effective Feb 13, 2023.
- Base salary of $437,000; annual bonus target of 40% of base salary; signing bonus of $115,000.
- Subject to Board approval, receives option for 350,000 shares vesting over 4 years and 140,000 RSUs vesting in 2 years.
- Severance includes 12 months salary plus prorated bonus outside CIC; 18 months plus 100% bonus within CIC period.
- Vesting acceleration on termination: 12 months of unvested options vest outside CIC; full acceleration within CIC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1160308/000119312523037363/0001193125-23-037363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1160308/000119312523037363/d459114d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-037363

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