Arcadia Biosciences (RKDA) has released an update.
Laura Pitlik has resigned as the chief marketing officer of Arcadia Biosciences, and a severance payment of $62,500 has been agreed upon, subject to standard conditions. Meanwhile, Arcadia’s Board has approved substantial retention bonuses for CEO Stanley Jacot, Jr. and CFO Thomas J. Schaefer, contingent on their continued service through the end of 2024 or until a company change in control. These financial moves reflect Arcadia’s commitment to ensuring smooth leadership transitions and maintaining executive stability.
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