Precigen (PGEN) has released an update to notify the public and investors about its officers.
Precigen, Inc. has finalized new employment agreements with CFO Harry Thomasian Jr. and COO Rutul R. Shah, ensuring they receive severance pay and benefits if they’re let go without cause or leave for a valid reason. These terms mirror those offered to other executives, with the severance being a year’s worth of their base salary and a year’s coverage of health insurance premiums. Details of these agreements will be disclosed in an upcoming SEC filing.
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For a comprehensive understanding of the announcement, you can read the full document here.
