DBV Technologies S.A 8-K/A, filed Nov 2, 2023
DBV Technologies S.A. (DBVT)
About this 8-K/A
DBV Technologies S.A filed this 8-K/A on November 2, 2023, reporting on events of October 16, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
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Explanatory Note
On October 16, 2023, DBV Technologies S.A. (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) to report, among other things, the departure of Sébastien Robitaille from his position as the Chief Financial Officer of the Company. This Amendment No. 1 on Form 8-K/A is being filed to supplement the disclosure contained in Item 5.02 of the Original Form 8-K by providing additional information regarding the compensatory and other arrangements entered into with Mr. Robitaille in connection with his departure. The Original Form 8-K otherwise remains unchanged.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On October 30, 2023, the Company, and Mr. Robitaille concluded a Separation Agreement and Release (the “Separation Agreement”). The Separation Agreement provides for the following, among other things:
| • | Mr. Robitaille will continue to serve as an executive officer of the Company until November 17, 2023; |
| • | Certain equity incentive awards that were granted to Mr. Robitaille, and that would have otherwise been forfeited due to his departure from the Company, will vest on October 13, 2023 in accordance with the Separation Agreement. These equity awards consist of 35,000 restricted stock units. |
| • | Mr. Robitaille will be entitled to a severance payment of approximately $400,000, a portion of his 2023 bonus in the amount of $92,000 and continuation of medical benefit coverage for the next 3 months. |
The Agreement contains mutual releases, subject to customary exceptions, and mutual covenants not to disparage.
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which will be filed with the Securities and Exchange Commission in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DBV Technologies S.A. | ||||||
| Dated: November 2, 2023 | ||||||
| By: | /s/ Daniel Tassé | |||||
| Daniel Tassé | ||||||
| Chief Executive Officer | ||||||