Dec. 15 at 4:44 PM
$MTNB filed an 8-K outlining changes to JJ's employment agreement, specifically as it concerns his retention bonus in the event of a change of control. The changes extended the timeframe for retention bonus from 3/31/26 to 6/30/26. In addition, the amendment modified the definition of "change of control" to ..."to include a transaction resulting in a material change to the Company’s (or its successor’s) primary business as in effect immediately prior to such transaction."
There were some other, more minor, changes as well.
Why do this?
