---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-22-002139"
form_type: "8-K"
ticker: "LNAI"
cik: "0001527728"
company_name: "Lunai Bioworks Inc."
filed_at: "2022-12-16T23:59:59+00:00"
generated_at: "2026-06-21T03:18:52.222425+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CEO Mark Dybul takes $300K base salary cut; Francois Binette named COO

## Summary
- CEO Dybul base salary reduced from $850K to $550K/year effective Jan 1, 2023; variable comp cap raised to $800K/year.
- Dybul awarded $100K cash bonus for 2022 performance, payable by March 15, 2023.
- Francois Binette appointed COO effective Nov 1, 2022; base salary increased to $420K/year plus 40,000 stock options.
- CFO Luisa Puche base salary increased to $350K/year; granted 80,000 stock options for 2022.

## SEC filing metadata
- accession: 0001731122-22-002139
- form_type: 8-K
- ticker: LNAI
- cik: 0001527728
- company_name: Lunai Bioworks Inc.
- filed_at: 2022-12-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527728/000173112222002139/0001731122-22-002139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527728/000173112222002139/e4298_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-22-002139
- JSON: https://secwatch.observer/filing/0001731122-22-002139.json
- Plain text: https://secwatch.observer/filing/0001731122-22-002139.txt

## Key facts
- Executive change
  Francois Binette was appointed as Chief Operating Officer at Lunai Bioworks Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: On October 18, 2022, the Company appointed Francois Binette PhD, age 59, as Chief Operating Officer of the Company, effective November 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527728/000173112222002139/0001731122-22-002139-index.htm

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