secwatch.observer — SEC 8-K summary
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Issuer:     Aditxt, Inc. (ADTX)
CIK:        0001726711
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001213900-23-069408
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1726711/000121390023069408/0001213900-23-069408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1726711/000121390023069408/ea183997-8k_aditxt.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-069408

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