secwatch.observer — SEC 8-K summary
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Issuer:     IN8BIO, INC. (INAB)
CIK:        0001740279
Form:       8-K
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0001193125-24-215154
Event type: leadership
Sentiment:  negative
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1740279/000119312524215154/0001193125-24-215154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1740279/000119312524215154/d806767d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-215154

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