Aug. 29 at 1:19 AM
$OTLK For a microcap they spend a lot on payouts for C-suiters, even culling them just after awarding hefty cash bonuses (like Kenyon got and Trenary before him).
Total reported/estimated cash severances paid:
Trenary:
$1,142,906
Evanson:
$738.530
Kenyon (est. standard package): ~
$732,500
Approx aggregate cash out: ~
$2.61 million (excluding COBRA, accrued vacation/PTO, and any equity acceleration value). Kenyon's figure is an estimate based on the latest disclosed base/target. This figure also excludes the unreported exit package for Jedd Comiskey as European commercial head, and the cost of re-hires incl. inducement equity (dilution).
Incidentally, Comiskey is now with Mirum Pharma based out of Zurich.
Outlook always seems to be paying twice each payday for at least one senior position. No wonder they're always raising.
Let's hope for some stability now in Kenyon's wake, and not so much $$ waste on exec turnover. If Jahr goes next that'll be another
$1-2 million!
