secwatch.observer — SEC 8-K summary
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Issuer:     ACHIEVE LIFE SCIENCES, INC. (ACHV)
CIK:        0000949858
Form:       8-K
Filed at:   2024-08-26T23:59:59+00:00
Accession:  0001193125-24-207129
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO John Bencich departs; Richard Stewart named CEO, Thomas King Executive Chairman
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- John Bencich removed as CEO effective Aug 21, 2024; receives lump-sum severance of 18-month base salary and accelerated equity vesting.
- Richard Stewart, previously Executive Chairman, appointed CEO effective Aug 21; base salary $615K, annual bonus up to 50%, 157,500 performance RSUs and 67,500 stock options.
- Thomas King appointed Executive Chairman; base salary $495K, option for 195,000 shares, 455,000 performance RSUs.
- King steps down from Compensation, Audit, and Nominating committees; Thomas Sellig appointed Compensation Committee Chair.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949858/000119312524207129/0001193125-24-207129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949858/000119312524207129/d834963d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-207129

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