SeaStar Medical Executives Waive 2023 and 2024 Bonuses to Support Liability Reduction Efforts

Reuters

06-12

SeaStar Medical Executives Waive 2023 and 2024 Bonuses to Support Liability Reduction Efforts

Seastar Medical Holding Corporation has announced a significant change in its executive compensation plan. As part of efforts to reduce the company's liabilities, CEO Eric Schlorff and Chief Medical Officer Dr. Kevin Chung have agreed to waive their earned bonuses for the 2023 and 2024 fiscal years. These bonuses were initially outlined in their respective employment agreements. This decision follows confidential bonus release agreements signed on June 6, 2025, demonstrating a commitment by the executives to support the company's financial goals. Further details are available in the form of the agreements attached to the company's latest Form 8-K filing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seastar Medical Holding Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-053463), on June 11, 2025, and is solely responsible for the information contained therein.

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ID: 0001213900-25-053463), on June 11, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ICU","symbol_name":"SeaStar Medical Holding Corporation","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250611:nNDLc3vCdv:1","article_id":"2542125537","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542125537","pubTimestamp":1749673851,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Seastar Medical Holding Corporation has announced a significant change in its executive compensation plan. As part of efforts to reduce the company's liabilities, CEO Eric Schlorff and Chief Medical Officer Dr. Kevin Chung have agreed to waive their earned bonuses for the 2023 and 2024 fiscal years. These bonuses were initially outlined in their respective employment agreements. This decision follows confidential bonus release agreements signed on June 6, 2025, demonstrating a commitment by the executives to support the company's financial goals. Further details are available in the form of the agreements attached to the company's latest Form 8-K filing.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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