Codexis Board Changes and CFO Employment Agreement
Ticker: CDXS · Form: 8-K · Filed: Apr 9, 2025 · CIK: 1200375
| Field | Detail |
|---|---|
| Company | Codexis, Inc. (CDXS) |
| Form Type | 8-K |
| Filed Date | Apr 9, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, employment-agreement
Related Tickers: CDXS
TL;DR
Codexis board shuffle, CFO gets new contract.
AI Summary
On April 4, 2025, Codexis, Inc. announced the departure of Dr. Alan R. Buhler from its Board of Directors. The company also elected Dr. Christopher P. Miller as a new Class II director, effective immediately. Additionally, the company entered into a new employment agreement with its Chief Financial Officer, Kevin J. Norrett, which includes a base salary of $375,000 and potential performance-based bonuses.
Why It Matters
Changes in board composition and executive employment terms can signal shifts in company strategy or financial outlook.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board changes and executive compensation, with no immediate negative financial implications.
Key Numbers
- $375,000 — CFO Base Salary (New employment agreement for Kevin J. Norrett.)
Key Players & Entities
- Codexis, Inc. (company) — Registrant
- Dr. Alan R. Buhler (person) — Departing Director
- Dr. Christopher P. Miller (person) — Newly Elected Director
- Kevin J. Norrett (person) — Chief Financial Officer
- $375,000 (dollar_amount) — CFO's base salary
FAQ
What was the effective date of Dr. Christopher P. Miller's election to the Board?
Dr. Christopher P. Miller was elected as a Class II director, effective immediately as of April 4, 2025.
What is the base salary for Codexis' CFO under the new agreement?
The new employment agreement for Kevin J. Norrett includes a base salary of $375,000.
When did Dr. Alan R. Buhler depart from the Board of Directors?
Dr. Alan R. Buhler's departure from the Board of Directors was effective April 4, 2025.
What are the key items reported in this 8-K filing?
This 8-K reports the departure of a director, the election of a new director, and the compensatory arrangements for the Chief Financial Officer.
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.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on April 9, 2025 by Dr. Alan R. Buhler regarding CODEXIS, INC. (CDXS).