secwatch.observer — SEC 8-K summary
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Issuer:     CODEXIS, INC. (CDXS)
CIK:        0001200375
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0001200375-23-000004
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Codexis appoints Sriram Ryali as CFO; Ross Taylor steps down
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- Sriram Ryali appointed CFO effective Jan 23, 2023; previously CFO at Eiger BioPharmaceuticals.
- Ross Taylor ceased as CFO and principal accounting officer; no disagreement; will advise until Mar 6.
- Ryali receives $450K base salary, 50% target bonus, $100K sign-on bonus (repayable if leave <1 yr).
- Option grant valued ~$1.33M (Black-Scholes) and performance stock units $667K based on 2023 goals.
- Severance: 12 months base salary (non-CIC) or 18 months salary + full equity acceleration (CIC).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1200375/000120037523000004/0001200375-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1200375/000120037523000004/cdxs-20230123.htm
  HTML page:      https://secwatch.observer/filing/0001200375-23-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer