Surrozen Announces Board Changes and Executive Compensation Updates
Ticker: SRZNW · Form: 8-K · Filed: Jul 1, 2024 · CIK: 1824893
| Field | Detail |
|---|---|
| Company | Surrozen, Inc./De (SRZNW) |
| Form Type | 8-K |
| Filed Date | Jul 1, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, director-appointment, director-departure
TL;DR
Surrozen's board is shaking up: Leff out, Sidransky in. New pay deals for execs too.
AI Summary
On June 30, 2024, Surrozen, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The company announced the departure of Director Dr. Jonathan Leff and the appointment of Dr. David Sidransky as a new Class III Director. Additionally, the report outlines new compensatory arrangements for certain officers, including stock options and restricted stock units.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board and executive changes, coupled with compensation adjustments, can introduce uncertainty regarding future strategic direction and operational stability.
Key Players & Entities
- Surrozen, Inc. (company) — Registrant
- Dr. Jonathan Leff (person) — Departing Director
- Dr. David Sidransky (person) — Appointed Class III Director
- June 30, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as a new Class III Director at Surrozen, Inc.?
Dr. David Sidransky has been appointed as a new Class III Director.
Which director has departed from Surrozen, Inc.'s board?
Dr. Jonathan Leff has departed from Surrozen, Inc.'s board.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is June 30, 2024.
What type of compensatory arrangements are mentioned in the filing?
The filing mentions new compensatory arrangements for certain officers, including stock options and restricted stock units.
What is Surrozen, Inc.'s state of incorporation?
Surrozen, Inc. is incorporated in Delaware.
Filing Stats: 447 words · 2 min read · ~1 pages · Grade level 12.4 · Accepted 2024-07-01 16:41:45
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value per share SRZN The Nasdaq
Filing Documents
- srzn-20240630.htm (8-K) — 37KB
- 0000950170-24-079690.txt ( ) — 182KB
- srzn-20240630.xsd (EX-101.SCH) — 45KB
- srzn-20240630_htm.xml (XML) — 6KB
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. SURROZEN, INC. Date: July 1, 2024 By: /s/ Charles Williams Name: Charles Williams Title: Chief Financial Officer, Chief Operating Officer and Corporate Secretary