SenesTech former CEO Siegel gets 12-month salary severance, full equity vesting in separation agreement

SenesTech, Inc.

Separation agreement with former CEO Kenneth Siegel effective Dec 29, 2022; his last day was Nov 15, 2022.
Severance includes 12 months base salary, COBRA premiums paid through Nov 30, 2023, and full acceleration of all equity awards.
All outstanding equity awards become fully vested and exercisable until Nov 15, 2027 (5 years after separation).
Siegel also resigned from the board effective Dec 31, 2022.

item 1.01 item 5.02 item 9.01

Executive movements

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Departed

Kenneth Siegel

Director

SNES · SenesTech, Inc.

Effective: 2022-12-31
Filed: January 5, 2023, 6:59 PM ET

Mr. Siegel also resigned from his position as a director of our company effective as of December 31, 2022

Departed

Kenneth Siegel

Chief Executive Officer

SNES · SenesTech, Inc.

Effective: 2022-11-15
Filed: January 5, 2023, 6:59 PM ET

In connection with the previously announced retirement of Kenneth Siegel, our former Chief Executive Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kenneth Siegel resigned as Director at SenesTech, Inc..

Action: resigned
Role: Director

Exact text from the filing

Mr. Siegel also resigned from his position as a director of our company effective as of December 31, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kenneth Siegel retired as Chief Executive Officer at SenesTech, Inc..

Action: retired
Role: Chief Executive Officer

Exact text from the filing

In connection with the previously announced retirement of Kenneth Siegel, our former Chief Executive Officer

View on SEC.gov

SenesTech, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-001153

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