---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-015313"
form_type: "8-K"
ticker: "CRVO"
cik: "0001053691"
company_name: "CervoMed Inc."
filed_at: "2023-05-19T23:59:59+00:00"
generated_at: "2026-06-14T19:14:03.903254+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Diffusion Pharmaceuticals CFO William Hornung departs; separation agreement provides $254K lump sum

## Summary
- CFO William K. Hornung departed effective May 15, 2023, after serving since September 2018.
- Separation benefits include lump-sum of $254,663 (9 months base salary) and pro-rated bonus of $44,014.
- Vested stock options remain exercisable for 3 months post-separation.
- Health insurance premium reimbursement of $25,388 provided for 12 months.
- No successor CFO named; CEO Robert J. Cobuzzi Jr. remains.

## SEC filing metadata
- accession: 0001437749-23-015313
- form_type: 8-K
- ticker: CRVO
- cik: 0001053691
- company_name: CervoMed Inc.
- filed_at: 2023-05-19T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1053691/000143774923015313/0001437749-23-015313-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1053691/000143774923015313/dffn20230519_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-015313
- JSON: https://secwatch.observer/filing/0001437749-23-015313.json
- Plain text: https://secwatch.observer/filing/0001437749-23-015313.txt

## Key facts
- Executive change
  William K. Hornung departed as Chief Financial Officer at CervoMed Inc..
  - Action: departed
  - Role: Chief Financial Officer
  source text: Effective as of the close of business on May 15, 2023, Mr. William K. Hornung departed Diffusion Pharmaceuticals Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1053691/000143774923015313/0001437749-23-015313-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.