Short answer
CERUS CORP (CERS) filed an 8-K current report with the SEC on April 21, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). New severance plan covers CFO, COO, CMO and Chief Legal Officer, replacing prior arrangements.
CERUS CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- New severance plan covers CFO, COO, CMO and Chief Legal Officer, replacing prior arrangements
- Change-of-control termination benefits: 18 months’ salary, 1.5x target bonus, 18 months’ COBRA and full equity acceleration
- COO receives enhanced 24-month protection and 2x target bonus if serving as CEO during a change of control
- Non-change-of-control protections include 12 months’ salary and COBRA for CFO, General Counsel and COO
- Expanded severance commitments increase potential acquisition-related costs and protect executives from post-transaction departures
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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