leadership
confidence high
sentiment neutral
materiality 0.40
CEO Amy Trombly amends employment agreement; COO Bruce Thornton retires, position eliminated
Sonoma Pharmaceuticals, Inc.
- CEO Amy Trombly's base salary set at $475,000 per annum; target annual bonus of 50% of base salary.
- CEO severance: termination without cause or for Good Reason: 1x base salary paid via payroll; COBRA up to 12 months.
- CEO change-in-control severance: 2x base salary + 2x target bonus; COBRA up to 24 months.
- COO Bruce Thornton to retire on Dec 2, 2025; position eliminated; severance $300,000 plus COBRA up to 12 months.
- COO's time-based equity awards fully vest; performance-based awards remain per terms.