Aditxt amends separation deal with ex-CLO Shatzkes; accelerates severance upon capital raise

Aditxt, Inc.

Matthew Shatzkes resigned as CLO, GC and Corporate Secretary effective Aug 4, 2023.
Company paid $64,808 in accrued salary/PTO on Aug 11; must pay additional $91,060.16 by Sep 1 or 2 business days after capital raise.
Severance: $385,000 (12 months base) plus $290,000 bonus, due 60 days post-termination or upon capital raise.
12-month COBRA reimbursement and RSU vesting upon termination date.
Amendment dated Aug 15, 2023 accelerates payment timing tied to a capital raise.

item 5.02 item 9.01

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Departed

Matthew Shatzkes

Chief Legal Officer, General Counsel and Corporate Secretary

ADTX · Aditxt, Inc.

Effective: 2023-08-04
Filed: August 21, 2023, 7:59 PM ET

On July 21, 2023, Matthew Shatzkes tendered his resignation as Chief Legal Officer, General Counsel and Corporate Secretary of Aditxt, Inc.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Matthew Shatzkes resigned as Chief Legal Officer, General Counsel and Corporate Secretary at Aditxt, Inc..

Action: resigned
Role: Chief Legal Officer, General Counsel and Corporate Secretary

Exact text from the filing

On July 21, 2023, Matthew Shatzkes tendered his resignation as Chief Legal Officer, General Counsel and Corporate Secretary of Aditxt, Inc.

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Aditxt, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-069408

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