CSO Michael J. Sofia to retire Dec 31, 2024; amendment clarifies severance and non-compete

Arbutus Biopharma Corp

CSO Michael J. Sofia will retire effective December 31, 2024; amendment to employment agreement dated Oct 11, 2024.
Sofia eligible for 2024 annual target cash bonus ($204,800) prorated by corporate score, payable ~Feb 15, 2025.
Amendment carves out coronavirus and HDV-only treatments from non-compete; also allows academic teaching/research.
Sofia must sign release to receive benefits; 21-day consideration period and 7-day revocation.
No named replacement; retirement is planned, not abrupt.

item 5.02 item 9.01

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Departed

Michael J. Sofia

Chief Scientific Officer

ABUS · Arbutus Biopharma Corp

Effective: 2024-12-31
Filed: October 11, 2024, 7:59 PM ET

As previously disclosed, Michael J. Sofia announced his retirement as Chief Scientific Officer of Arbutus Biopharma, Inc. (the “Company”), a subsidiary of Arbutus Biopharma Corporation, effective December 31, 2024.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Michael J. Sofia retired as Chief Scientific Officer at Arbutus Biopharma Corp.

Action: retired
Role: Chief Scientific Officer

Exact text from the filing

As previously disclosed, Michael J. Sofia announced his retirement as Chief Scientific Officer of Arbutus Biopharma, Inc. (the “Company”), a subsidiary of Arbutus Biopharma Corporation, effective December 31, 2024.

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Arbutus Biopharma Corp filing history →

Source: SEC EDGAR

accession 0001447028-24-000084

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