Precigen Inc.
09/23/2024 | Press release | Distributed by Public on 09/23/2024 04:01
Management Change/Compensation Form 8 K
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 23, 2024, Precigen, Inc. (the "Company") announced the separation from employment of Jeffrey Perez, Senior Vice President, Intellectual Property Affairs, effective November 1, 2024. Mr. Perez is expected to remain in his current position through his separation date in order to facilitate a smooth transition of his duties.
In connection with his departure, it is expected that Mr. Perez will receive the severance payments and benefits provided under his continuing employment agreement with the Company, dated April 2, 2019, the terms of which are described in the Company's 2024 Proxy Statement filed with the Securities and Exchange Commission on May 28, 2024.