secwatch.observer — SEC 8-K summary
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Issuer:     Benson Hill, Inc. (—)
CIK:        0001830210
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001830210-23-000095
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Benson Hill CEO Matt Crisp resigns; Adrienne Elsner named interim CEO; Richard Mack joins board
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- Matt Crisp resigned as CEO and director effective June 15, 2023; will serve as consultant for 12 months.
- Interim CEO Adrienne Elsner receives $550K base salary, equity awards up to 400% of base salary, and bonus opportunity.
- Richard Mack, former Mosaic EVP and CFO, appointed independent director; serves on Audit & Risk and Compensation Committees.
- Crisp's outstanding equity continues vesting during consultancy; termination without cause accelerates vesting through June 2025.
- Crisp receives up to $1.99M in consulting fees and lump sums, plus COBRA reimbursements up to 18 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830210/000183021023000095/0001830210-23-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830210/000183021023000095/bhil-20230615.htm
  HTML page:      https://secwatch.observer/filing/0001830210-23-000095

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