other
confidence high
sentiment neutral
materiality 0.10
Lineage Cell corrects CEO salary to $609k in amended employment agreements
Lineage Cell Therapeutics, Inc.
- Corrects CEO Brian Culley's base annual salary from $690,000 to $609,000.
- Corrects cash severance payment method: installments for termination without cause/good reason, lump sum only within change-of-control window.
- Other terms unchanged: Samuel salary $394,800, Hogge $366,800; bonus targets 55%, 40%, 35% respectively.
- Board adopted Executive Performance Incentive Bonus Plan (as originally disclosed).