---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-028507"
form_type: "8-K"
ticker: "PULM"
cik: "0001574235"
company_name: "Pulmatrix, Inc."
filed_at: "2024-07-19T23:59:59+00:00"
generated_at: "2026-05-31T19:03:33.725082+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CEO Teofilo Raad departs Pulmatrix; Peter Ludlum appointed Interim CEO

## Summary
- Teofilo Raad separated as CEO and Board member effective July 19, 2024; severance includes $567,294 salary, $156,310 prorated bonus, $283,647 separation bonus.
- Peter Ludlum appointed Interim CEO effective July 20, 2024; also continues as Interim CFO; compensated at $700/hour via Danforth Advisors.
- Ludlum eligible for retention bonuses totaling $50,000 ($30,000 upfront, $20,000 after annual meeting).
- Raad's departure is not due to any disagreement regarding company operations, policies, or practices.

## SEC filing metadata
- accession: 0001493152-24-028507
- form_type: 8-K
- ticker: PULM
- cik: 0001574235
- company_name: Pulmatrix, Inc.
- filed_at: 2024-07-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574235/000149315224028507/0001493152-24-028507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574235/000149315224028507/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-028507
- JSON: https://secwatch.observer/filing/0001493152-24-028507.json
- Plain text: https://secwatch.observer/filing/0001493152-24-028507.txt

## Key facts
- Executive change
  Peter Ludlum was appointed as Interim Chief Executive Officer at Pulmatrix, Inc..
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: the Board approved the appointment of Peter Ludlum as the Interim Chief Executive Officer (the “Interim CEO”), effective as of July 20, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1574235/000149315224028507/0001493152-24-028507-index.htm
- Executive change
  Teofilo Raad departed as Chief Executive Officer at Pulmatrix, Inc..
  - Action: separated
  - Role: Chief Executive Officer
  source text: Effective as of the Separation Date, Mr. Raad’s employment with the Company shall cease and Mr. Raad shall relinquish all positions, offices, and authority with the Company and any affiliates, including as a member of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1574235/000149315224028507/0001493152-24-028507-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.