Entry into Material Agreement, Change in Directors or Principal Officer
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fwiw...Just parking.
Best of Luck,
SS
>>>>
Form 8-K for CYTORI THERAPEUTICS, INC.
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15-Aug-2005
Entry into Material Agreement, Change in Directors or Principal Officer
Item 1.01 Entry into a Material Definitive Agreement
On August 10, 2005, we entered into a Severance Agreement and Mutual Release with Sharon V. Schulzki, who had been our Chief Operating Officer. In the agreement, the parties terminated their employment relationship and gave releases to each other. We agreed to pay Ms. Schulzki $155,164 (seven months' salary) and extend to August 5, 2007 the post-separation exercisability period of her 253,743 vested stock options. Her unvested stock options terminated in accordance with their terms.
Item 5.02 Departure of Directors or Principal Officers;
Election of Directors; Appointment of Principal Officers
Sharon V. Schulzki, Chief Operating Officer of Cytori Therapeutics, Inc., ceased employment with the Company on August 10, 2005, and the Company does not intend to refill this position due to the shifting of business focus toward the regenerative cell technology platform. |
