secwatch.observer — SEC 8-K summary
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Issuer:     Savara Inc (SVRA)
CIK:        0001160308
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001193125-24-094640
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 8.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Savara director Dr. Ricky Sun not to stand for reelection; Bain waives board designation right
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- Dr. Ricky Sun notified Board on April 10, 2024 of intention not to stand for reelection at 2024 Annual Meeting; will serve until then.
- Sun's decision not related to any dispute or disagreement with Savara on operations, policies, or practices.
- Bain Capital Life Sciences permanently waived its right under 2019 Purchase Agreement to designate a Board member.
- Designation right was triggered when Bain held at least 50% of purchased shares or 5% of outstanding shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1160308/000119312524094640/0001193125-24-094640-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1160308/000119312524094640/d804195d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-094640

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