secwatch.observer — SEC 8-K summary
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Issuer:     CERUS CORP (CERS)
CIK:        0001020214
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0001193125-26-108629
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cerus names Vivek Jayaraman as President and CEO, effective July 1, 2026
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- Vivek Jayaraman, current COO, will become President and CEO effective July 1, 2026; current CEO Obi Greenman becomes Executive Chairman.
- Jayaraman's base salary $740,000; target bonus up to 80% of base salary.
- Promotion equity award of $2M (75% time-based RSUs, 25% performance-based RSUs); additional $1M achievement award (performance-based RSUs).
- Severance: 12 months base salary plus COBRA continuation and full acceleration of unvested equity upon qualifying termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1020214/000119312526108629/0001193125-26-108629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1020214/000119312526108629/cers-20260311.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-108629

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