Short answer
CERUS CORP (CERS) filed an 8-K current report with the SEC on March 16, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Vivek Jayaraman promoted from COO to President & CEO effective July 1, 2026; 6-year internal veteran with commercial and operational background.
CERUS CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Vivek Jayaraman promoted from COO to President & CEO effective July 1, 2026; 6-year internal veteran with commercial and operational background
- Outgoing CEO Obi Greenman transitions to Executive Chairman: continuity signal but also a governance overhang to watch
- New CEO base salary $740,000; target bonus 80% of base ($592K) for 2027+; promotion equity package totals $3M ($2M Promotion Award + $1M Achievement Award)
- Equity floor protection: share count for awards calculated at minimum $2.50/share, suggesting stock is near or below that level; dilution risk capped but signals depressed valuation
- Severance: 12-month base salary + COBRA + full equity acceleration on qualifying termination, including change-in-control within 12 months; meaningful M&A protection embedded
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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