BioAtla CMO Eric Sievers resigns; board reinstates CEO/CFO retention bonuses tied to capital-raising milestones

BioAtla, Inc.

Dr. Eric Sievers resigned as Chief Medical Officer on Sept 25, 2026 to pursue outside interests; he continues as a consultant through June 30, 2027.
Sievers' consulting deal pays a one-time $159,000 contingent on capital-raising milestones by Dec 31, 2026, then an hourly rate from Jan 1 to June 30, 2027.
CFO Christian Vasquez retention bonus reinstated at $148,888 target (40% of base salary) for Milestone #2 by Dec 31, 2026; 80-120% sliding scale, payable by Jan 31, 2027.
CEO Jay Short's retention bonus of $440,892 (60% of base) requires 100% milestone achievement by Dec 31, 2026 with no sliding scale; payable by Jan 30, 2027.
New performance bonuses approved Sept 24: $220,000 target for Short, $75,000 for Vasquez, tied to milestones by March 31, 2027 and payable by April 30, 2027.

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