Cingulate Inc. Revises CEO Compensation Terms Following Administrative Leave

Reuters

2025/12/15

Cingulate Inc. Revises CEO Compensation Terms Following Administrative Leave

Cingulate Inc. has announced changes to the employment agreement with Dr. Shane Schaffer, the company's Chief Executive Officer. Effective December 15, 2025, Dr. Schaffer's base salary has been reinstated following a period of administrative leave. The definition of "Cause" for termination in his agreement was revised to include any court determination that Dr. Schaffer has violated court-imposed probation and to remove the requirement that certain actions be willful. Additionally, the number of directors needed to decide on termination for cause has been reduced to a majority, excluding Dr. Schaffer. Severance terms were also adjusted: in the event of termination without cause or for good reason, Dr. Schaffer will now receive a lump sum equal to one times his base salary and annual target bonus; if termination occurs within twelve months following a change in control, the payout will be one and a half times base salary and annual target bonus.

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. Cingulate Inc. 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: 0001493152-25-027667), on December 15, 2025, and is solely responsible for the information contained therein.

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Cingulate Inc. 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: 0001493152-25-027667), on December 15, 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":"CING","symbol_name":"CINGULATE INC.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251215:nNDL82KQ5Y:1","article_id":"2591644775","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2591644775","pubTimestamp":1765808104,"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":"Cingulate Inc. has announced changes to the employment agreement with Dr. Shane Schaffer, the company's Chief Executive Officer. 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The definition of \"Cause\" for termination in his agreement was revised to include any court determination that Dr. Schaffer has violated court-imposed probation and to remove the requirement that certain actions be willful. Additionally, the number of directors needed to decide on termination for cause has been reduced to a majority, excluding Dr. Schaffer. Severance terms were also adjusted: in the event of termination without cause or for good reason, Dr. Schaffer will now receive a lump sum equal to one times his base salary and annual target bonus; if termination occurs within twelve months following a change in control, the payout will be one and a half times base salary and annual target bonus.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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