Vivani Medical terminates named executive officer Scott Dunbar in subsidiary workforce reduction

Vivani Medical, Inc.

Scott Dunbar terminated without cause effective Nov 20, 2023 as part of Cortigent workforce reduction.
Dunbar was a named executive officer in 2023 proxy and former Acting CEO of predecessor Second Sight Medical.
Severance includes ~$70,000 cash payment and COBRA premium reimbursement for up to six months.
Company intends to enter a separation and release agreement with Dunbar.

item 5.02 item 9.01

Executive movements

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Departed

Scott Dunbar

Named Executive Officer

VANI · Vivani Medical, Inc.

Effective: 2023-11-20
Filed: November 24, 2023, 6:59 PM ET

the Company terminated without cause the employment of Scott Dunbar, a named executive officer in the Company’s 2023 proxy statement and former Acting Chief Executive Officer of the Company’s predecessor, Second Sight Medical Products, Inc., effective as of November 20, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Dunbar departed as Named Executive Officer at Vivani Medical, Inc..

Action: terminated without cause
Role: Named Executive Officer

Exact text from the filing

the Company terminated without cause the employment of Scott Dunbar, a named executive officer in the Company’s 2023 proxy statement and former Acting Chief Executive Officer of the Company’s predecessor, Second Sight Medical Products, Inc., effective as of November 20, 2023

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Vivani Medical, Inc. filing history →

Source: SEC EDGAR

accession 0001753926-23-001534

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