secwatch.observer — SEC 8-K summary
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Issuer:     Vaxart, Inc. (VXRT)
CIK:        0000072444
Form:       8-K/A
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001437749-24-002971
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vaxart details CEO Andrei Floroiu severance: 12-mo salary, equity acceleration, COBRA subsidy
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- Separation agreement provides 12 months base salary ($572,000) paid over 12 months.
- Equity awards vesting through Sep 30, 2024 accelerated; vested options exercisable up to 2 years post-termination.
- Company pays 12 months COBRA premiums; 2023 bonus paid when active employees receive theirs.
- Up to $5,000 in attorney fees reimbursed; release of claims and non-compete, non-solicitation required.
- Agreement signed Jan 31, 2024; resignation effective Jan 16, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72444/000143774924002971/0001437749-24-002971-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72444/000143774924002971/vxrt20240202_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-002971

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