leadership
confidence high
sentiment neutral
materiality 0.60
OpGen appoints David Lazar as CEO with deferred salary and concurrent CEO roles
CapForce Inc.
- David Lazar, age 33, appointed CEO effective April 1, 2024; also serves as Chairman of the Board.
- Base salary $406,000 per annum, fully deferred until Compensation Committee determines sufficient liquidity.
- Three-year term; Lazar concurrently serves as CEO of Titan Pharmaceuticals (TTNP) and Minim, Inc. (MINM).
- Annual bonus at 100% base salary; special bonus: 3% of change-in-control valuation increase, $203k per $1M+ capital raise.
- Severance includes salary continuation for 12 months or remaining term, medical reimbursement, prorated bonus, accelerated vesting.