Savara Inc.
01/23/2025 | Press release | Distributed by Public on 01/23/2025 15:06
Management Change/Compensation (Form 8-K)
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 17, 2025, upon the recommendation of the Compensation Committee of the Board of Directors (the "Board") of Savara Inc. ("Savara"), the Board approved the target bonus amounts for Savara's executive officers for the year ended December 31, 2025. The approved target bonus amounts for each of Savara's executive officers for the year ended December 31, 2025 are as follows:
|
Executive Officer |
Title |
Target Bonus |
% of Base Salary |
|||||
|
Matthew Pauls |
Chief Executive Officer | $ | 330,000 | 50% | ||||
|
Raymond Pratt |
Chief Medical Officer | $ | 200,400 | 40% | ||||
|
Dave Lowrance |
Chief Financial & Administrative Officer | $ | 188,400 | 40% | ||||
|
Rob Lutz |
Chief Operating Officer | $ | 188,400 | 40% | ||||
|
Anne Erickson |
Chief Business Officer | $ | 165,080 | 40% | ||||
|
Braden Parker |
Chief Commercial Officer | $ | 180,000 | 40% |
Actual bonus amounts paid to the executive officers may be more or less than the target bonus amounts. The total bonus payment amounts will be based on the achievement of certain performance goals, and the Board has the discretion to award bonus amounts that differ for attainment of performance goals that fall above or below such goals. For Mr. Pauls, the achievement of corporate performance measures will represent 100% of his target bonus award. For each of Dr. Pratt, Mr. Lowrance, Mr. Lutz, Ms. Erickson, and Mr. Parker the achievement of corporate performance measures will represent 75% of the target bonus award and individual performance measures will represent 25% of the target bonus award.