secwatch.observer — SEC 8-K summary
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Issuer:     Sonnet BioTherapeutics Holdings, Inc. (—)
CIK:        0001106838
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001641172-25-002119
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Sonnet CEO Pankaj Mohan dies; Raghu Rao named interim CEO
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- CEO Pankaj Mohan passed away on March 31, 2025; board appointed Raghu Rao as interim CEO.
- Stephen McAndrew, CBO, promoted to President and Chief Business Officer.
- McAndrew's employment agreement: base salary $330,000, bonus up to 35%, severance terms.
- Rao, 62, has background in federal contracts and board roles; no formal employment agreement yet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1106838/000164117225002119/0001641172-25-002119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1106838/000164117225002119/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-002119

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer