
Management ChangeJun 11, 2026, 04:32 PM
Fulcrum Therapeutics Approves Executive Retention Payments
AI Summary
Fulcrum Therapeutics, Inc. approved cash retention payments for its nine remaining full-time employees, including key executives Alex C. Sapir (President and CEO), Curtis Oltmans (Chief Legal Officer), and Alan Musso (CFO), following a previously disclosed restructuring plan. These payments are contingent upon a Change in Control or termination without Cause, provided transitional duties are met. Additionally, the company extended "Change in Control" benefits to all remaining employees at the Vice President level and above. Separately, Greg Tourangeau, Vice President, Finance, and principal accounting officer, will depart from his position by mutual agreement.
Key Highlights
- Alex C. Sapir, CEO, to receive $370,040 cash retention payment.
- Curtis Oltmans, Chief Legal Officer, to receive $195,480 cash retention payment.
- Alan Musso, CFO, to receive $195,200 cash retention payment.
- Payments are contingent on a Change in Control or termination without Cause, and satisfaction of transitional duties.
- Change in Control benefits extended to all remaining employees at VP level and above.
- Greg Tourangeau, VP, Finance, will depart from his position.
Price Impact
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