GeoVax terminates CEO David Dodd for 'Cause' over refusal to follow board directives; no severance

GeoVax Labs, Inc.

• David A. Dodd was terminated as President and CEO of GeoVax Labs effective November 5, 2026; he remains a director and Chairman of the Board.
• The board classified the termination as for 'Cause' under his September 1, 2018 Employment Agreement, citing refusal to comply with Board-approved directives.
• GeoVax does not intend to pay severance: no cash payment of 3x base salary plus target annual bonus, and his vested and unvested options generally lapse.
• No court or arbitrator has ruled on Cause; the company warns it could owe 3x salary/bonus, full option acceleration and legal costs if Dodd disputes and prevails.
• GeoVax says the termination is unrelated to business operations, financial results or previously filed financial statements; no successor or interim CEO was named.