IN8bio cuts CEO Ho's salary to $544,680; other execs also reduced, severance enhanced

IN8BIO, INC.

CEO William Ho salary cut from $612,000 to $544,680; Trishna Goswami from $495,000 to $440,550 effective Sept 1, 2024.
Amendments cover five executives: Ho, Goswami, Lamb, McCall, Rochlin as part of previously announced workforce reduction.
Severance improved: for Ho, 18 months base (greater of current or at termination); for Goswami, 12 months base.
Change-of-control severance: Ho gets 18 months base plus 150% target bonus; Goswami gets 12 months base plus 100% bonus.
Salary reductions cannot be used as grounds for 'good reason' resignation under employment agreements.

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