Corporate GovernanceJul 31, 2026, 04:15 PM
Xometry Amends CEO Sanjeev Sahni's Severance Terms
AI Summary
Xometry, Inc. filed an amendment to its 8-K, detailing revised compensatory arrangements for CEO Sanjeev Singh Sahni, effective July 1, 2026. The amendment outlines severance benefits upon qualifying termination of employment or a change in control, including base salary, performance bonuses, COBRA premiums, and equity vesting. Additionally, it revises the repayment terms for his $400,000 one-time cash bonus.
Key Highlights
- CEO Sanjeev Sahni's employment agreement amended for compensatory terms.
- Severance (non-CIC): 12 months base salary, prorated bonus, 18 months COBRA, 12 months equity vesting.
- Severance (Change in Control): 18 months base salary, 150% target bonus, full equity vesting.
- Change in Control severance also includes up to 24 months COBRA premiums.
- $400,000 cash bonus accelerated if CIC termination before Dec 31, 2026.
- Pro-rated repayment of $400,000 bonus if terminated for Cause or resigns without Good Reason within one year.
Price Impact
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