other material
confidence high
sentiment neutral
materiality 0.40
Atomera amends CEO Bibaud's severance to double-trigger Change of Control
Atomera Inc
- Amended & Restated Employment Agreement dated May 5, 2025, effective March 3, 2025, with CEO Scott A. Bibaud.
- Only substantive change: deletion of Section 1.1(i)(v) which had made Change of Control a Good Reason event (single trigger).
- Now severance upon Change of Control requires termination without Cause or resignation for Good Reason (double trigger).
- No other changes to base salary ($462,800), bonus, equity, or other terms.
- Restated Agreement supersedes original March 3, 2025 employment agreement.