other material
confidence high
sentiment neutral
materiality 0.50
BioLife Solutions amends severance for CFO and SVP; increases to 12 months
BIOLIFE SOLUTIONS INC
- CFO Troy Wichterman severance increased from 9 to 12 months base salary plus COBRA.
- SVP Karen Foster severance increased from 6 to 12 months base salary plus COBRA.
- Double trigger change-in-control severance, effective Jan 3, 2023, included in amendments.
- 2023 base salaries: Wichterman $472,000, Foster $382,000.