other material
confidence high
sentiment neutral
materiality 0.40
Standard BioTools approves severance plans for CEO, CFO, and CBO through 2028
STANDARD BIOTOOLS INC.
- 2026 Severance Plan for CFO Alex Kim and CBO Sean Mackay: outside COC, 12 months salary, prorated bonus, COBRA subsidy, equity acceleration if terminated by Aug 27, 2026.
- During COC: non-CEOs receive 150% of salary plus target bonus lump sum, 18 months COBRA, and full equity vesting.
- CEO Michael Egholm covered under 2023 Severance Plan: outside COC, 200% salary over 24 months, 12 months COBRA, outplacement.
- During COC: CEO gets 250% of salary plus bonus lump sum, 30 months COBRA, and full equity vesting.
- 2026 Severance Plan supersedes the 2024 plan; both plans expire August 4, 2028.