other material
confidence high
sentiment neutral
materiality 0.40
RenovoRx enters severance deal with VP/Controller Kocak; annual meeting re-elects six directors
RenovoRx, Inc.
- Severance provides 50% of base salary on qualifying termination; 100% plus full equity vesting if within 12 months of a change in control.
- Kocak also receives 6 months COBRA (12 months in change in control) and pro-rata bonus.
- At June 6 annual meeting, all six nominees re-elected: Bagai, Agah, Macfarlane, Marton, Ryan, Spiegel.
- Agreement mirrors terms for other RenovoRx executive officers.