Abeona Therapeutics Inc 8-K, filed Feb 1, 2021
Abeona Therapeutics Inc. (ABEO)
About this 8-K
Abeona Therapeutics Inc filed this 8-K on February 1, 2021, reporting on events of January 27, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On January 27, 2021, Abeona Therapeutics Inc. (the “Company”) and Michael Amoroso, its Chief Operating Officer, entered into an amended and restated agreement (the “Agreement”) to the offer letter agreement, dated October 26, 2020, between Mr. Amoroso and the Company (the “Original Agreement”). Under the Agreement, the target range for Mr. Amoroso’s annual bonus opportunity has been increased from 40% to 45% of his base salary. In addition, if Mr. Amoroso’s employment is terminated by the Company other than for Cause or by Mr. Amoroso for Good Reason (each as defined therein), Mr. Amoroso will be entitled to accelerated vesting equivalent to 12 months of continued employment from the termination date with respect to all unvested equity and any other long-term incentive awards granted to him and then outstanding on the termination date.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Abeona Therapeutics Inc. | ||
| (Registrant) | ||
| By: | /s/ Brendan M. O’Malley | |
| Name: | Brendan M. O’Malley | |
| Title: | Corporate Secretary | |
Date: February 1, 2021