Codexis Appoints New Directors, Adjusts Executive Pay
Ticker: CDXS · Form: 8-K · Filed: Oct 22, 2024 · CIK: 1200375
| Field | Detail |
|---|---|
| Company | Codexis, Inc. (CDXS) |
| Form Type | 8-K |
| Filed Date | Oct 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: CDXS
TL;DR
Codexis adds 2 directors, revises CEO/CFO pay packages.
AI Summary
Codexis, Inc. announced on October 16, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, Dr. Steven A. Quake and Ms. Sarah E. Emrey, to its Board of Directors, effective October 16, 2024. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Dr. Stephen D. Dilly, and Chief Financial Officer, Mr. Rahul J. Merchant, detailing their compensation and severance packages.
Why It Matters
The appointment of new directors and adjustments to executive compensation can signal strategic shifts or governance changes within Codexis, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect company strategy and performance.
Key Players & Entities
- Codexis, Inc. (company) — Registrant
- Dr. Steven A. Quake (person) — Newly Elected Director
- Ms. Sarah E. Emrey (person) — Newly Elected Director
- Dr. Stephen D. Dilly (person) — Chief Executive Officer
- Mr. Rahul J. Merchant (person) — Chief Financial Officer
- October 16, 2024 (date) — Effective date of director appointments and reporting date
FAQ
Who were the new directors appointed to the Codexis, Inc. Board of Directors?
Dr. Steven A. Quake and Ms. Sarah E. Emrey were elected as new directors to the Board of Directors, effective October 16, 2024.
What is the effective date for the changes reported in this 8-K filing?
The earliest event reported, the election of new directors, was effective October 16, 2024, which is also the date of the report.
Which executive officers of Codexis, Inc. entered into new employment agreements?
The company entered into new employment agreements with its Chief Executive Officer, Dr. Stephen D. Dilly, and Chief Financial Officer, Mr. Rahul J. Merchant.
What is the principal business address of Codexis, Inc.?
The principal executive offices of Codexis, Inc. are located at 200 Penobscot Drive, Redwood City, CA 94063.
What type of SEC filing is this document?
This document is a Form 8-K, a Current Report filed pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934.
Filing Stats: 585 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-10-22 16:00:52
Key Financial Figures
- $0.0001 — ich Registered Common Stock, par value $0.0001 per share CDXS The Nasdaq Global Se
Filing Documents
- d864955d8k.htm (8-K) — 22KB
- 0001193125-24-241035.txt ( ) — 138KB
- cdxs-20241016.xsd (EX-101.SCH) — 3KB
- cdxs-20241016_lab.xml (EX-101.LAB) — 17KB
- cdxs-20241016_pre.xml (EX-101.PRE) — 11KB
- d864955d8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES 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. CODEXIS, INC. Date: October 22, 2024 By: /s/ Georgia Erbez Georgia Erbez Chief Financial Officer