other
confidence high
sentiment neutral
materiality 0.50
InspireMD amends CEO and CFO employment agreements to enhance change-in-control severance
InspireMD, Inc.
- CEO Marvin Slosman receives 24-month base salary severance plus 2x performance bonus on change-in-control termination.
- CFO Craig Shore receives 12-month base salary severance plus 1x annual bonus on change-in-control termination.
- Both executives get extended option exercise periods (CEO 2 years, CFO 1 year) and up to 24-month (CEO) or 12-month (CFO) benefit continuation.
- Amendments effective April 1, 2024; triggered by termination within 3 months before or 12 months after a change in control.