secwatch.observer — SEC 8-K summary
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Issuer:     GRI Bio, Inc. (GRI)
CIK:        0001824293
Form:       8-K
Filed at:   2024-06-18T23:59:59+00:00
Accession:  0001824293-24-000070
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GRI Bio CMO Albert Agro reduced to 70 hrs/month, salary cut to $100k
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- CMO Albert Agro's base salary reduced from $325,000 to $100,000 annually.
- Agro now required to work at least 70 hours per month, may take other consulting work.
- Annual cash performance bonus and severance upon termination without cause eliminated.
- Employment now terminable by either party with 30 days' notice; no severance benefits.
- Effective June 17, 2024; amendment filed as Exhibit 10.1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824293/000182429324000070/0001824293-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824293/000182429324000070/val-20240617.htm
  HTML page:      https://secwatch.observer/filing/0001824293-24-000070

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