Cingulate Inc (CING) has released an update to notify the public and investors about its officers.
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Jennifer L. Callahan was appointed as the Senior Vice President and Chief Financial Officer of the Company on January 25, 2024. Bringing a wealth of experience from her previous accounting roles and a CPA designation, Callahan’s employment agreement provides for a reduced annual base salary of $210,000 due to cost-containment measures, with the promise of a catch-up payment post the filing of a new drug application, and a target annual bonus of 25%. The agreement also outlines severance benefits, stock option vesting conditions, and participation in executive compensation programs, subject to company performance and her individual evaluation.
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