---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-076835"
form_type: "8-K"
ticker: "RCEL"
cik: "0001762303"
company_name: "AVITA Medical, Inc."
filed_at: "2023-03-22T23:59:59+00:00"
generated_at: "2026-06-17T21:30:47.803064+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# AVITA Medical amends CEO James Corbett's employment agreement; severance extended, options vest on change of control

## Summary
- Annual bonus payout moved to no later than March 15 for prior calendar year.
- Option grants now provide 100% immediate vesting upon a Change in Control.
- Severance period increased from 12 to 18 months for termination without cause or for good reason.
- Removed change-in-control termination payments and long-distance commuting reimbursements for food/fuel.

## SEC filing metadata
- accession: 0001193125-23-076835
- form_type: 8-K
- ticker: RCEL
- cik: 0001762303
- company_name: AVITA Medical, Inc.
- filed_at: 2023-03-22T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1762303/000119312523076835/0001193125-23-076835-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1762303/000119312523076835/d804540d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-076835
- JSON: https://secwatch.observer/filing/0001193125-23-076835.json
- Plain text: https://secwatch.observer/filing/0001193125-23-076835.txt

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